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We asked our clients – homebuilders, land developers and real estate investors – to give us their outlook in ten words or less on the 2023 new home market in the California geographies where they are active. They had a lot to say. The chart below categorizes the responses by location and whether a comment was generally positive, neutral, or negative.
While the profiled communities have lowered prices, builders have found the price points that sell. These communities are averaging 5.0 - 7.7 sales/month - far outpacing the overall Inland Empire market which has averaged 1.6 - 2.1 sales/project/month during the same time period.