Interesting post from the Bee about the state of new home construction in Sacramento area.
Home builders resume land development in Sacramento region
By Hudson Sangree
Published: Saturday, Jul. 13, 2013 – 12:00 am | Page 1A
Last Modified: Thursday, Jul. 18, 2013 – 12:57 pm
Big yellow earthmovers with tires taller than a man rumbled across the parched grassland of west Roseville this week, readying the ground for a bumper crop of hundreds of new homes.
The sight of construction equipment breaking up fields was common in last decade’s housing boom but nearly vanished the past seven years. Even after the housing market started to recover last year, many home builders were willing to build only on finished lots. They weren’t ready to spend the millions of dollars it takes to break ground, pave streets and lay sewer pipe.
Now, with home building companies growing more confident in the resurgent housing market, land development activity is back in the suburban areas of Roseville, Lincoln, Elk Grove and El Dorado Hills. Experts call it a major step in the evolution of the housing recovery.
Read rest of the story here: http://www.sacbee.com/2013/07/13/5563956/home-builders-resume-land-development.html#storylink=cpy