Square Feet: California builders squinting at a market bottom, trade group says

<cite>Square Feet: California builders squinting at a market bottom, trade group says</cite>: "

California builders squinting at a market bottom, trade group saysSue McAllister01:49 PM on Thu, May 15, 2008topic: Economy Home buying Homebuildingrecent related posts: � Housing construction permits dwindled in March � California building industry has 'cautious optimism' for 2008; Bay Area prices 'dead flat,' perhaps masking marble upgrades galore � A home builder that saves your hand from scaldingSales of new homes in California dropped 49 percent in March compared to the same month in 2007, the California Building Industry Association reported today. But that decline was not as bad as February's year-over-year decline of 57 percent, which the trade group said provides 'mounting evidence that the bottom of the current housing cycle is near.'

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