The job market continues to feel downward pressure and according to the Wells Fargo Weekly Economic and Financial Commentary, much of that pressure is from municipalities alleviating strain by downsizing.
While Manteca continues to top the list in number of project (12) and available inventory (98), Stockton pushed the bar with registered sales (6) this week. Even with four of the projects not reporting traffic, counts increased over last week. For 2010, traffic to contract ratios is 28:1 in San Joaquin County with average weekly visits to projects sitting at 18.7. The unsettled foreclosure debacle and seller hesitation in short sales makes the new homes market a clearer opportunity. 
The following information has been extracted from New Homes Sales and Marketing reporting companies and on-site visits for the week ending 10/10/10:
San Joaquin County: Total Projects Reporting: 25; Traffic: 234; Sales: 11; Cancellations: 5; Net Sales: 6; YTD Sales: 473
Lathrop reporting 3 projects: 0 new releases, 13 in available inventory;
Linden reporting 1 project: 0 new releases, 3 in available inventory;
Lodi reporting 0 projects: no other information available
Manteca reporting 12 projects; 0 new releases, 98 in available inventory;
Mountain House reporting 4 projects: 0 new releases, 20 in available inventory;
Stockton reporting 4 projects: 0 new releases, 38 in available inventory;
Tracy reporting 1 project: 0 new releases, 5 in available inventory;
THE NINES TEAM can arrange showings for any New Construction Project in San Joaquin County. If you would like to look at this homeownership option, please:
Call Toll Free: 888-868-4398
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