Jerry Howard, executive vice president and CEO of the National Association of Home Builders (NAHB), Sept. 19 2008 issued the following statement on the government's pending plan to address the credit crisis:
"The National Association of Home Builders applauds the Bush Administration, Federal Reserve and Congress for moving quickly to stem the ongoing financial crisis. Policymakers realize the root causes -- falling home prices, mounting foreclosures and a frozen credit market - must be addressed now.
"The plan being developed must get to the heart of the problem to successfully stabilize mortgage markets and home prices and restore confidence in global financial markets. Ensuring that credit-worthy home buyers, builders and other small businesses have access to credit is absolutely essential to putting this economy back on track.
"NAHB stands ready to work with the Administration, Congress and the Federal Reserve to achieve these aims and to restore a healthy housing finance system."
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