NAHB CEO: Only Congress can solve housing 'crisis'

Published: Nov. 24, 2008, 2:30 p.m.

b'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.'