Can you tell in this photo if the sun is rising or setting on the new home industry?  Well, this is certainly no big surprise for anyone watching the economy and the housing market but the market is throttling back just a bit.  The California Building Industry Association recently sent out a news release indicating a projected slowing of new home construction in 2006. 

While the outlook is far from bleak, the reality is the CBIA is projecting 185,000 to 205,000 new home starts in 2006 which is down approximately 5% to 10% from the record numbers of homes constructed during 2004 and 2005.  All in all, I would say the sun isn't setting on the robust new home market.  In fact, the sun may be shining even more brightly on buyers because they may find builders willing to negotiate great deals to keep their inventory moving.

What are your thoughts?  What would you be looking for in a newly constructed home?  Please share your comments by clicking below.