Manteca developers started 17 new homes in May.
It was enough to continue Manteca’s position as the leader in new housing permits in the Northern San Joaquin Valley for the 18th straight month. Manteca has issued permits for 384 new homes and apartment units in the 12-month period ending May 31.
The 17 homes started in Manteca during May had an average 2,388 square feet compared to the 30 homes started during April with an average of 2,807 square feet and the 41 homes started in March that had an average of 2,520 square feet. The May square footage average is over 850 square feet more than the average size of a new house being sold when the new home market hit bottom in Manteca in December 2007 through March 2008.
The average construction price of the Manteca homes started in May was $141,622. That compares to April at $172,879 and March when it was $149,866. That is construction only and excludes everything from land and marketing costs to infrastructure and lot preparation as well as growth fees in excess of $42,000 placed on a typical new home in Manteca.
Manteca has now started 197 housing units in the first five months of 2010.
It was enough to continue Manteca’s position as the leader in new housing permits in the Northern San Joaquin Valley for the 18th straight month. Manteca has issued permits for 384 new homes and apartment units in the 12-month period ending May 31.
The 17 homes started in Manteca during May had an average 2,388 square feet compared to the 30 homes started during April with an average of 2,807 square feet and the 41 homes started in March that had an average of 2,520 square feet. The May square footage average is over 850 square feet more than the average size of a new house being sold when the new home market hit bottom in Manteca in December 2007 through March 2008.
The average construction price of the Manteca homes started in May was $141,622. That compares to April at $172,879 and March when it was $149,866. That is construction only and excludes everything from land and marketing costs to infrastructure and lot preparation as well as growth fees in excess of $42,000 placed on a typical new home in Manteca.
Manteca has now started 197 housing units in the first five months of 2010.
