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NAHB Chief Economist to Discuss Impact of Current US Credit Situation on Mortgages

WHEN:

Tuesday, August 28, 2007
2:00 p.m. ET

WHO:

- Jerry Howard, CEO, National Association of Home Builders
- David Seiders, Chief Economist, National Association of Home Builders

WHAT:

In recent weeks U.S. mortgage markets have been rocked by uncertainty, and many consumers face new challenges in obtaining financing for home purchases.

What caused the credit crunch, and how long will it last? What is the impact on home building and sales? What can—and should—be done by the Fed, regulators, Congress and the housing industry to improve liquidity in the mortgage markets?

Jerry Howard, executive vice president and chief executive officer of the National Association of Home Builders, and David Seiders, chief economist, will address these questions and more during a media teleconference. Journalists will be given the opportunity to ask questions at the conclusion of the call.

To participate, please dial 1-800-860-2442 (toll-free) and ask for the “NAHB Credit Crunch Call.” For your convenience, presentations and reference materials will be available at www.nahb.org/teleconference 10 minutes before the teleconference begins.

If you are unable to participate in the teleconference, you may listen to a full replay of the call after the teleconference has concluded by calling 877-344-7529 and entering 409059 followed by the # sign when prompted for the account number. The replay will be available until Sept. 11.

For more information, please contact Paul Lopez at 1-800-368-5242, ext. 8409, or [email protected].

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