Press Releases

8/22/2008
California Housing Production Continues Decline in July, CBIA Announces

Total new home production in California continued to decline across the board in July, further supporting the notion that California will produce the lowest number of new homes in recorded history.

8/19/2008
Despite Improvement, California Housing Remains Mostly Unaffordable, CBIA Announces

Fueled by waves of foreclosures resulting in sharp price reductions, housing affordability increased in most markets throughout the state during the second quarter of 2008, but affordability in California remains a serious long-term issue.

8/15/2008
California New Home Market Stays Cold in Summer Heat, CBIA Announces

The pace of sales at California new-home communities remained sluggish in June, following a resumed trend of deterioration in year-over-year sales declines that began in May.

8/4/2008
CBIA Thanks Governor for Quickly Signing Another Crucial Industry Recovery Bill

California homebuilders thanked Gov. Schwarzenegger and the Legislature for enacting the last piece of CBIA’s three-part homebuilding stimulus package launched in January to help provide some relief to the battered homebuilding industry.

7/22/2008
Housing Starts Continue Downward Trend in June, CBIA Announces

Single-family housing production in June rebounded slightly from May, but both single-family and total production remain at levels well below last year at this time, the California Building Industry Association reported.

7/16/2008
CBIA Thanks Governor for Quickly Signing Crucial Industry Recovery Bill

California homebuilders today thanked Governor Arnold Schwarzenegger for quickly signing legislation designed to give homebuilders and slumping housing markets more time to turn around before local project authorizations expire.

7/15/2008
Declining New-Home Sales Emphasizes Need for Action, CBIA Declares

The pace of home sales at California new-home communities was significantly depressed in May, reversing what had been a recent trend of shrinking year-over-year sales declines and prompting the California Building Industry Association to urge Congress to quickly pass pending legislation to stimulate the beleaguered housing market.

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.

More Results: