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Housing Not Falling Apart, State Governors Told
With concerns over the health of the nation’s housing industry increasing in response to slower sales and rising unsold inventories, NAHB President David Pressly and other association representatives have been stepping up their efforts to put the current downturn into perspective and respond to unsubstantiated, speculative reports in the new media “that the world is falling apart.”
The current slowdown in the pace of sales and construction “is pretty much what we were expecting” following the unsustainable levels of recent boom years and will still leave activity close to record levels, Pressly told a “Housing and Homeownership” conference of the Democratic Governors Association (DGA) in Aspen, Colo. on Aug. 26.
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