Industry News

Builders’ group reports 45% sales drop in California

Median new-home price down about 10% from September '06
Published on Nov 26, 2007

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by CareyBot

New-home sales dropped 45.4 percent year-over-year in September, the California Building Industry Association and Hanley Wood Market Intelligence reported Wednesday, while median prices dropped 9.7 percent. The median price of all new homes — including single-family, townhomes, multiplexes and condos ...