City planning staff are recommending approval of home designs for two Lincoln housing developments, a routine but necessary step before builders can begin constructing production homes.
Builders in the Sacramento region authorized 1,138 new housing permits in June, far outpacing California's 2.7% year-over-year gain, though the 12-month trend still points lower.
The four-city market split sharply through June, with Woodland's median falling nearly 10% year-over-year even as West Sacramento posted a gain and sales climbed across most of the region.
Median sale prices fell in five of eight cities in the three months ending June, led by a double-digit drop in El Dorado Hills, even as sales activity climbed nearly everywhere.
Carmichael and Arden-Arcade posted gains near 8 percent while Rancho Cordova prices fell, yet sales rose in all six cities as more homes changed hands.
The typical Roseville rent reached $2,645 in June, the highest on record, though the year-over-year gain remained modest compared with recent rent surges.
The typical Auburn rent set a fresh record at midyear, though the year-over-year gain remained modest and left the typical household just under the rent-burden threshold.
The typical Folsom rent reached $2,655 in June, up $79 from a year earlier, though local incomes keep the market well short of rent-burdened territory.
The typical asking rent reached $2,469 in June, up 2.3% from a year earlier, while renters still spend under a quarter of their income on housing.
The median rent climbed 3.0% over the past 12 months to $3,156, nearly double the roughly 1.6% pace seen across the wider region.