Press Releases

6/25/2008
CBIA Sharply Reduces 2008 Housing Forecast

California homebuilders are expected to begin construction on just 72,000 homes, condominiums and apartments this year, significantly lower than earlier forecasts. If that level is correct it will be the lowest production in the Golden State since at least the early 1950s, according to the annual midyear housing forecast released today by the California Building Industry Association.

6/23/2008
New Residential Construction Still Slow in May, CBIA Announces

California new-home production in May continued to lag behind last year’s production levels as homebuilders continued to grapple with low demand due to the glut of foreclosures flooding the market, the California Building Industry Association reported today.

6/19/2008
California New-Home Market Still Searching for Bottom, CBIA Announces

The pace of home sales at California new-home communities continued to remain slow in April, but year-over-year sales declines shrunk slightly for another consecutive month, the California Building Industry Association reported today.

5/27/2008
New-Home Production Remains Weak in April, CBIA Announces

California new-home production in April continued to lag behind last year’s production levels, increasing chances that new-home production would fall to the lowest level in recorded history.

5/20/2008
California Still Home to Nation’s Least-Affordable Housing, CBIA Announces

Fueled by sharp price reductions in many Central Valley communities, housing affordability soared in many parts of California during the first quarter of 2008, but the welcome news for prospective homebuyers doesn’t mean an end to the state’s chronic housing affordability crisis.

5/15/2008
California New Home Market Close to the Bottom, CBIA Announces

While the pace of sales at California new-home communities continued to remain slow in March, year-over-year sales declines are steadily shrinking, adding to mounting evidence that the bottom of the current housing cycle is near, the California Building Industry Association reported today.

5/14/2008
Homebuilders Respond to May Revise, Call on State Government to Support Homeownership

Today, California Building Industry Association (CBIA) President & CEO Robert Rivinius released a statement emphasizing the importance of homeownership for California’s economy and urged the Legislature to solve the budget crisis facing the state by supporting the state’s housing industry.

4/25/2008
New-Home Production Down Again in March, CBIA Announces

The pace of new-home building in California continued to slow in March as builders struggled to sell off existing inventory while dealing with tightening credit standards, the California Building Industry Association reported today.

4/15/2008
California New Home Market Stays Cold in February, CBIA Announces

The pace of home sales at California new-home communities continued to remain sluggish in February, the California Building Industry Association reported today.

3/26/2008
Total New-Home Starts Decline Again in February, CBIA Announces

New-home starts in California continued to decline in February as homebuilders continued to grapple with problems in the housing and credit markets, the California Building Industry Association reported today.

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