AIA 2009 Housing Trend Report
This housing trend and economic report from the AIA is very informative. Since I am based in New England, I can confirm that the northeast is holding its own. The one difference is that my company is very busy with the second home/vacation market with both single family and condos. It couldn't be a better time to invest in this market if you have the cash on the sidelines. Construction costs are not drastically reduced, but there is much more time being spent with the customers.
http://info.aia.org/aiarchitect/thisweek09/1002/1002b_housingtrends.cfm
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