NAHB CEO: Only Congress can solve housing 'crisis' episode artwork

EPISODE · Nov 24, 2008 · 3 MIN

NAHB CEO: Only Congress can solve housing 'crisis'

from MarketWatch Real Estate Round-up · host MarketWatch.com

The housing slump has worsened into a "crisis," says Jerry Howard, the president and CEO of the National Association of Homebuilders, and "if Congress doesn't do anything, the end is not in sight." Builders are calling on Congress to target home prices in the next stimulus package, and Howard suggests a program like a mid-70s tax credit. "It worked very well, and led the country out of what was a six-quarter recession," he says.

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NAHB CEO: Only Congress can solve housing 'crisis'

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