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Report Cites Affordability Issues Keep New Home Sales At Pre-pandemic Levels – Folsom Times
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Report Cites Affordability Issues Keep New Home Sales At Pre-pandemic Levels – Folsom Times
New home sales in July continued to reflect a return to pre-pandemic levels, the North State Building Industry Association reported. During the month, BIA members reported selling 403 new homes, which was 13% higher than June but 16% lower than July 2025. The monthly total was just slightly below the average July in the region of 412 homes and one more sale than the 402 sold in July 2019 before the pandemic began. BIA President and CEO Tim Murph…
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