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Housing Production Continues Decline in November, CBIA Announces
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.
