Technology

CBIA: Calif. Housing to Remain Flat in 2007 

California’s housing production in 2007 is expected to continue taking a breather as the market slowly returns to historically normal levels after the frenetic pace of the early part of the decade, the California Building Industry Association said today. CBIA chief economist Alan Nevin forecasts that housing starts for single-family homes, condominiums, and apartments should total between 155,000 and 170,000 this year, about the same or slightly lower than in 2006. Nevin noted that 2007 will still be a solid year for production.