California Home Loan 360

WASHINGTON - Sales of new homes rose in April for the first time in six months, although the unexpected increase still left activity near the lowest level in 17 years.

Through March 24Median PriceSales Volume Price% Chg$/SqFt#Sold% Chg Total new homes$653,000-0.

Through March 24Median PriceSales Volume Price% Chg$/SqFt#Sold% Chg Total new homes$653,000-0.

WASHINGTON - Sales of new homes fell in February for the fourth straight month, pushing activity to a 13-year low.

WASHINGTON - The government today reported that sales of new homes fell in February for a fourth straight month as the steep slump in housing continues.

Santa Clara County Through February 29Median PriceSales Volume Price% Chg$/SqFt#Sold% Chg Total new homes$698,0009.

WASHINGTON - In more bad news for the beleaguered housing industry, sales of new homes fell in January for a third straight month, pushing activity down to the slowest pace in nearly 13 years.

WASHINGTON - The prolonged slump in housing pushed construction of new homes in 2007 down by the largest amount in 27 years and economists say that the downturn has further to go.

After declining dramatically in 2007, construction of new homes in California will increase slightly this year, while remaining well below the average level of production in recent years, a building industry economist said Thursday.

Sales of new homes nationwide fell 9 percent in November overall - except in the West where they rose 4 percent, according to a report from the Commerce Department released this morning.