50+ Housing e-Source - 04/30/2008 (Plain Text Version)

Joanne Theunissen
50+ Housing Council Chair

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In this issue:
50+ Consumers Are Buying Into Green Technology
Attend the 50+ Housing Council Networking Reception This Thursday!
50+ Symposium Highlights
The Economy Faces a Mild Recession
Mortgage Credit Crunch Stimies AD&C Lending
Wall St. Journal Features Products for 50+ Market.
Lifelong Learning: A New Trend in Senior Communities
Council Member Honored in Livable Communities Ceremony
The Big Hunt Sets Its Sights On National Membership Day
Resources: NAHB Technology Services Directory

The Economy Faces a Mild Recession

NAHB Chief Economist David Seiders reported that the economy has now entered a mild recession. Immediate action by the government to stimulate the housing market and consumer spending is critical for the nation's recovery.

"The worse-than-anticipated housing downturn, combined with systematic weakening in the labor market and rapidly rising energy and food prices, has taken a heavy toll on American consumers," Seiders said. "It's now clear that we have entered what we anticipate will be a mild recession."

Read Seiders's full statement to the media.