15
Oct
California New Home Sales at Historic Lows
California new home sales
The California Building Industry Association (CBIA) reported that new home sales in California remained at historic low levels in August, signaling that the state’s housing sector may be slow to recover from a stubborn recession.
“While there are some encouraging signs in California housing markets, activity remains low,” said CBIA President and CEO Liz Snow. “These reports are evidence that housing markets remain depressed and continue to hamper a broader economic recovery in California.” Read more 