Mirroring national trends, the Sacramento area’s new home market slowed in April as prospective buyers pulled back due to the turbulence that has affected the stock market and other parts of the nation’s economy, the North State Building Industry Association reported today.
New home sales in the region totaled 414, which was down 12% from March, down 29% from April 2024 and 16% below the average April sales total. North State President and CEO Tim Murphy said housing markets throughout the nation are likely to be unsettled until the effects of the Administration’s tariffs become clearer.
“It’s likely that many consumers are closely watching the impacts of new economic policies and are hesitant to buy a new home,” Murphy said. “The sharp ups and downs of the stock market have affected the ability of some buyers to move forward, and since nobody knows if the economic uncertainties will affect jobs, it’s understandable that many people are putting buying a home on hold.
“But we know many people are still extremely interested in purchasing a new home in the region, and in fact, the number of people visiting new home communities rebounded nicely at the end of April. So as the state of the economy becomes clearer, we’re hopeful that sales will pick up.”
The most sales occurred in Sacramento County communities (200), followed by 136 sales in Placer County. Yuba County saw 40 sales, followed by El Dorado County (22), Yolo County (10), Sutter County (4), and Amador County (2).
While Sacramento County outpaced Placer County, on a city-by-city basis the most sales occurred in Roseville last month with 87, followed by Rancho Cordova and Sacramento, tied for second place with 51 each. Elk Grove was fourth with 50, followed by Plumas Lake (37), Lincoln (30), Natomas (23), El Dorado Hills (20), Folsom (17) and Rocklin (15). More monthly statistics can be found in the charts below.
BIA statistics include sales by members in Amador, El Dorado, Placer, Sutter, Yolo and Yuba counties.
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