California's new-home sales dive 57%

New-home sales in California dropped 57 percent in July compared to the same month last year, the California Building Industry Association trade group and research company Hanley Wood Market Intelligence reported today, falling from 5,437 sales in July 2007 to 2,348 sales in July 2008. Similarly, new-home sales in California dropped 58 percent year-over-year in June.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.