New Homes are still selling in Lodi or San Joaquin County, California: 1/9/11 New homes sales were off overall in San Joaquin despite a much higher traffic count. The new year also produced some “updates” of year end numbers reducing overall sales counts. The Financial News produced by the Builder Division of Wells Fargo Home Mortgage observes that unemployment dropped to a 9.4 percent national rate. The report also noted that 260,000 workers were removed from the work force. However the gains in employment were in the private sector, suggesting possible sustainable improvement. Unemployment rates in San Joaquin County … (8 comments)
new home sales san joaquin county: New Homes are still selling in Lodi or San Joaquin County, California: 1/2/11
- 01/05/11 03:37 PM
New Homes are still selling in Lodi or San Joaquin County, California: 1/2/11 New homes sales in Manteca still leads the pack this week; Stockton performed as far as traffic was concerned, all other subdivisions reports poor to minimal traffic. Caution and an optimistic look forward at the whole market highlight this week’s economic review. The numbers are still showing some minor strength across the board. The following information has been extracted from New Homes Sales and Marketing reporting companies and on-site visits for the week ending 1/2/11: Focus on Stockton: Total Projects Reporting: 4: Traffic: 25; Sales: 2: Cancellations: … (2 comments)
New homes sales in both Stockton and Manteca lead the pack this week; Stockton also performed strong as the result of new product releases. Caution and an optimistic look forward at the whole market highlight this week’s economic review.. The numbers are still showing some minor strength across the board.
The following information has been extracted from New Homes Sales and Marketing reporting companies and on-site visits for the week ending 11/28/10: Focus on Stockton: Total Projects Reporting: 4: Traffic: 24; Sales: 4: Cancellations: … (8 comments)
New Homes are still selling in Lodi or San Joaquin County, California: 11/21/10 New homes sales jumping in a “percentage” may just be a false look at the whole market. As numbers are reaching record all-time lows a “10 percent increase” does not necessarily reflect a big surge in the sales figures. Nation-wide standing inventory would suggest that new homes on hand may exceed 10 months of demand. Funds to close may also be an issue into 2011. While consumer payrolls, according to Wells Fargo Bank Weekly Economic and Financial Commentary may expect to see some growth in the … (6 comments)
While few economic reports were published this week, the overall atmosphere indicated a more optimistic economic picture for 2011. The primary issues seem focused on the trade balance and unemployment claims. Current reports however, indicate a slipping in new homes starts across the country. The Wells Fargo Weekly Economic and Financial Indicator suggests that “if we continue to see improvement in retail sales numbers, it may signal stronger contributions to fourth quarter GDP growth from personal consumption expenditures.” The following information has been extracted from New Homes Sales and Marketing reporting companies and on-site visits for the week … (8 comments)
New Homes are still selling in Lodi or San Joaquin County - weekending 11/07/10 While Manteca continues to top the list and has opened two more projects this week bringing the total number of projects to 14 and available inventory to 86. Sales on the other-hand seem to be led again this week by Mountain House with over 50% of the total net sales. The Census unemployment impact seems to no longer be adding to job losses and private sector employers appear to be adding jobs. Other indications of a leveling of the economic slide in the manufacturing … (0 comments)
New Homes are still selling in Lodi or San Joaquin County - weekending 10/31/10 Census unemployment and state and municipal job losses continue to downward pressure on the employment picture. However home sales tipped upward for both resale and new construction for the week. The Wells Fargo Weekly Economic and Financial Indicator suggests that the usual seasonal adjustment may have minimal impact this year reflecting the poor sales figures year to date. While Manteca continues to top the list in number of projects (12) available inventory (77) and sales (15) - Mountain House added 10 new releases to inventory … (8 comments)
New Homes are still selling in Lodi or San Joaquin County - weekending 10/24/10 Tight credit, employment pressures and underwater homeowners continue to put downward pressure on the economy according to the Wells Fargo Weekly Economic and Financial Commentary. While Manteca continues to top the list in number of projects (12) and available inventory (92), DelWebb/Pulte’s project “Woodbridge” rang traffic bells last week. Overall experts are predicting “an improvement in housing over the next 12 months, but at a pace that suggests no rapid boom.” The following information has been extracted from New Homes Sales and Marketing … (6 comments)
Both nationally and regionally, builders are continuing to struggle with a buying public that seems uncertain about homeownership markets, both new and resale. Single family permits continue a 5-month decline and are running under the current volume of construction. The Wells Fargo Weekly Economic and Financial Commentary suggests that the “starts” figure will linger at the current level for many months to come. Manteca continues to lead the new housing parade in San Joaquin County with 12 reporting projects and the week’s highest total sales results. In project to sales production, Stockton continues to produce an average of .67 … (0 comments)
Manteca continues to be the New Homes “hot spot” however no new releases were added to new homes inventory in San Joaquin County this week. Consumers continue being concerned about employment and income prospects. Projections for income and employment six months from now both weakened reflecting the slow economic growth expectation for the same time period. On the plus side of the indicators, both personal spending and personal income posted gains out performing expectations, according to the Wells Fargo Weekly Economic and Financial Commentary The following information has been extracted from New Homes Sales and Marketing reporting companies and … (6 comments)
new home sales san joaquin county: New Homes are still selling in Lodi or San Joaquin County - weekending 9/26/10
- 10/03/10 10:45 AM
Eight new releases were added to new homes inventory in San Joaquin County this week. However, according to the Wells Fargo Weekly Economic and Financial Commentary, “despite cheery headlines that pointed to the magnitude of the percentage gains in this week’s housing data, the state of the residential real estate market remains abysmal.” The commentary continues with the observation that while there was an increase in housing starts, most of the impact was in multi-units. Builders are currently breaking ground on an annualized number of 598,000 down from the 2 million unit pace of 2005. Locally, Manteca is still the … (2 comments)
Manteca continues to lead the way in “New Homes” activity in San Joaquin County. “Economic indicators” improved slightly in trade deficit, labor, consumer credit and retail sales relieved fears somewhat over a possible double dip recession. Buyers are still “looking for deal” and remain cautious, thinking through buying decisions. The county saw 20 new properties released into the new construction inventory. The following information has been extracted from New Homes Sales and Marketing reporting companies and on-site visits for the week ending 9/12/10:
San Joaquin County: Total Projects Reporting: 25; Traffic: 308; Sales: 7; Cancellations: 2; Net Sales: … (2 comments)
new home sales san joaquin county: New Homes are still selling in Lodi or San Joaquin County - weekending 8/22/10
- 08/28/10 08:07 AM
New inventory has been added to the San Joaquin County new homes landscape and traffic seems to be picking up weekly for the last 6 weeks. The following information has been extracted from New Homes Sales and Marketing reporting companies for the week ending 8/22/10: San Joaquin County: Total Projects Reporting: 25; Traffic: 443; Sales: 19; Cancellations: 1; Net Sales: 18; YTD Sales: 434 Focus on Lodi Statistics: Total Projects Reporting: 0; no other information available Lathrop reporting 3 projects: 0 new releases, 16 available inventory; Linden reporting 1 project: 0 new releases, 0 available inventory; Lodi reporting 0 projects: no other … (2 comments)
new home sales san joaquin county: New Homes are still selling in Lodi or San Joaquin County - weekending 8/15/10
- 08/18/10 10:26 AM
A lot of new inventory has been added to the San Joaquin County new homes landscape. The following information has been extracted from New Homes Sales and Marketing reporting companies for the week ending 8/15/10: San Joaquin County: Total Projects Reporting: 25; Traffic: 392; Sales: 14; Cancellations: 5; Net Sales: 9; YTD Sales: 429 Focus on Lodi Statistics: Total Projects Reporting: 0; No other data available Lathrop reporting 3 projects: 0 new releases, 17 available inventory; Linden reporting 1 project: 1 new releases, 1 available inventory; Lodi reporting 0 projects: no other information available Manteca reporting 12 projects; 24 new releases, 107 … (4 comments)
new home sales san joaquin county: New Homes are still selling in Lodi or San Joaquin County - weekending 8/8/10
- 08/15/10 11:22 AM
While looking for buying opportunities don't forget the obvious. The following information has been extracted from New Homes Sales and Marketing reporting companies for the week ending 8/8/10: San Joaquin County: Total Projects Reporting: 26; Traffic: 339; Sales: 9; Cancellations: 6; Net Sales: 6; YTD Sales: 420 Focus on Lodi Statistics: Total Projects Reporting: 0; no other information available. Lathrop reporting 4 projects: 0 new releases, 20 available inventory; Linden reporting 1 project: 0 new releases, 1 available inventory; Manteca reporting 12 projects; 0 new releases, 86 available inventory; Mountain House reporting 4 projects: 0 new releases, 20 available inventory; Stockton … (2 comments)
new home sales san joaquin county: New Homes are still selling in Lodi or San Joaquin County - weekending 8/1/10
- 08/15/10 09:43 AM
Sometimes we are just trying to find inventory for our buyers - and we forget the obvious. The following information has been extracted from New Homes Sales and Marketing reporting companies for the week ending 8/1/10: San Joaquin County: Total Projects Reporting: 26; Traffic: 262; Sales:17; Cancellations: 5; Net Sales: 12; YTD Sales: 414 Lodi Statistics: Total Projects Reporting: 0; No data available Lathrop reporting 4 projects: 11 new releases, 21 available inventory; Linden reporting 1 project: 0 new releases, 1 available inventory; Lodi reporting 0 projects: no other information available Manteca reporting 12 projects; 0 new releases, 91 available inventory; … (0 comments)
new home sales san joaquin county: New Homes Sales in San Joaquin County - week ending 7/25/10
- 08/03/10 10:45 AM
Sometimes we are just trying to find inventory for our buyers - and we forget the obvious. The following information has been extracted from New Homes Sales and Marketing reporting companies for the week ending 7/25/40: San Joaquin County: Total Projects Reporting: 26; Traffic: 290; Sales:11; Cancellations: 1; Net Sales: 10; YTD Sales: 65 Lodi Statistics: Total Projects Reporting: No Projects Reporting - statistics unavailable … (6 comments)
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Jack Mossman - The Nines Team at Keller Williams in Lodi
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