Nationally single family starts continue to reduce and have for the last three months now hitting a 23.3 percent decline since the April tax-credit signing deadline. Locally, Manteca is still the hot spot for New Home Sales in San Joaquin County. “Economic indicators” are mixed but still suggesting a very modest growth pace for the third quarter. San Joaquin County projects report much lower traffic numbers than have been report over the last 8 weeks, coming in at a two-month low. The county saw no 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 9/19/10:
San Joaquin County: Total Projects Reporting: 26; Traffic: 218; Sales: 4; Cancellations: 0; Net Sales: 4; YTD Sales: 446
Focus on Lodi: Total Projects Reporting: 0 – no further data is available
Lathrop reporting 3 projects: 0 new releases, 16 in available inventory;
Linden reporting 1 project: 0 new releases, 1 in available inventory;
Lodi reporting 0 projects: no other information available
Manteca reporting 12 projects; 0 new releases, 106 in available inventory;
Mountain House reporting 4 projects: 10 new releases, 25 in available inventory;
Stockton reporting 4 projects: 10 new releases, 45 in available inventory;
Tracy reporting 1 project: 0 new releases, 5 in available inventory;
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