New-home construction in California decreased during October 2005, down 15.8 % compared with October 2004, the California Building Industry Association reported. Last month, 14,425 new housing units were started throughout the state, with single-family units accounting for 77 percent of the starts. Despite the decline, homebuilders are expected to produce 213,000 housing units in 2005, [...]

Sales of existing homes eased nationally in October with a moderate decline in both single-family and condo sales, according to the National Association of Realtors .
Total existing-home sales - including single-family, townhomes, condominiums and co-ops - were down 2.7 percent from September’s pace. Although, sales were still 3.7 percent above the level recorded in [...]