Single-Family Housing Starts Hold Their Own in May, CBIA Announces
June 24, 2009 Posted by CBIA
CBIA says state new-home tax credit is generating demand for new homes and construction. SACRAMENTO, CA - June 24, 2009 - (RealEstateRama) — May single-family home starts held their own compared to April, offering additional evidence that the state new-home tax credit is generating demand for new homes and leading to a resumption of job-generating construction, the California Building Industry Association reported today
State’s existing home sales increased 100.8 percent
February 27, 2009 Posted by CAR
LOS ANGELES, CA - February 27, 2009 - (RealEstateRama) — Home sales increased 100.8 percent in January in California compared with the same period a year ago, while the median price of an existing home fell 40.5 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today
Housing Production Continues Decline in November, CBIA Announces
December 24, 2008 Posted by CBIA
SACRAMENTO, CA - December 24, 2008 - (RealEstateRama) — Single-family housing production in California in November was the lowest month on record, prompting the California Building Industry Association to urgently call on state and federal lawmakers to act immediately to stimulate the housing sector and the economy. Specifically, homebuilders are proposing a tax credit for new-home buyers, which has proven in the past to be an effective means of reviving depressed housing markets and reinvigorating job-generating home construction.
