New-Home Sales Continue Their Sluggish Pace In August, CBIA Announces

SACRAMENTO, CA – October 12, 2009 – (RealEstateRama) — 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. The California Building Industry Association reported today that sales in new-home communities of 10 units or more, though better than July’s steep decline, were 13 percent below August 2008