The nation's home builders today called on Congress to move promptly to enact the emergency financial rescue plan proposed by Treasury Secretary Henry Paulson that is designed to stabilize worldwide financial markets and restore consumer and investor confidence in the U.S. economy.
board of directors meeting in San Diego, CA, the leadership of the National
Association of Home Builders (NAHB) unanimously called on Congress to act now
before conditions deteriorate to a point that could trigger a global financial
agree with Fed Chairman Bernanke and Treasury Secretary Paulson that immediate
steps need to be taken to stem the financial crisis. The financial markets are
in turmoil and the flow of credit has been severely curtailed for housing and
other sectors of the economy," said NAHB President Sandy Dunn, a home
builder from Point Pleasant, W.Va. "There's no time to waste. Congress
must pass legislation as soon as possible."