There are several different factors why housing markets change, but unfortunately the financial crisis driven by mortgages gone mad is the largest reason why new homes aren't selling strongly.
45976
Why new homes aren't selling
140819
This recession is different:
49465
Home prices fall in most cities
175338
Housing crisis isn't over yet
63831
Buyers spend months searching for a house.
151600
Demand is 'exceeding supply across housing market'
10833
Mortgage lending stabilises
55002
Pets also have a tough time during downturn
98485
Mortgage applications fall
16397
Home prices 'need to fall'
120010
Financial crisis moves from markets to real economy
25452
Housing market appears to have achieved soft landing:
102031
Number of low deposit mortgages keeps falling
77167
Time to put your house on the market
89611
Home prices continue to slide
70421
Property market remains subdued
33287
House prices still moving sideways