Things are picking up

I thought you might interested in knowing some Market News in regards to home sales and building. This information was provided to me by Carrie Meek and I am very encouraged by it. So here you go. . ..

National Building Permits +3% over last month and +7% over last year
West Building Permits +1% over last month and +21% over last year
US New Home Sales -2% from last month and +14% over last year
West New Homes Sales -4% from last month and +32% over last year
Lumber Composite Price +5% over last year **Green Fir Composite is +35% over last year**

As for OBC, we have seen an increase in our real estate activity. I have investors that are taking advantage of this market. The inventory is still out there. If you are interested in acquiring rental property or looking for that new dream home, please give me a call. If you are thinking of building or remodeling, call Skip!

Housebuilding Class

Next weekend housebuilding class is August 13 & 14, 2011. You can sign up at our website, www.ownerbuildercenter.com or call us at (916) 961-2453

Skip is building a home for a client in South Lake Tahoe. May seem like a long way to go but our guys are grateful for the work and really it is only 1 ½ hours away. Some commute days take that long just to go to downtown Sacramento! The siding on the house is called Certainteed. It is a combination of wood and cement which comes stained with a 30 year warranty. It is quite nice and practically maintenance free. Be sure to check out the picture of the great room. This home will be beautiful when it is done not to mention the grand scenery.


I think the market is really starting to heat up. I know that there is still a lot of inventory out there. In working with some of my investor clients, we are finding that we need to look at these homes the day they come on the market and if acceptable, make the offer that day. Multiple offers are very common. Houses that have been sitting on the market for 100 days or more are starting to get offers as well. Cross your fingers, may be seeing a brighter future.

Real Estate Market IS moving

Closed escrow Friday on a house I sold and that afternoon opened escrow on another. Today, another, wow, keep them coming!!!!!!!!!!!!

New So. Lake Tahoe Project

Skip is managing another project. This time in South Lake Tahoe. He is building a 2800 sq ft home. Check out the pictures, building in the snow!!! The framer had to have a guy with a snow plow behind his truck move snow so that they could start framing.

4th Wall Going In

The 4th and final wall is going in this week. It is an incredible sight to see. Next is grading the pad and away we go. It has been a long haul to get to this point. Good job to everyone working on this.

Building a new house

Now is the time to build your own home. Materials and Labor are at an all time low. Register now for our next housebuilding class, May 14 & 15.