NAHB, Fannie Mae and Freddie Mac Hold Mid-Year Hou

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NAHB, Fannie Mae and Freddie Mac Hold Mid-Year Hou
Washington, DC, July 6, 2006--After several years of record levels, the housing market is showing some signs of cooling. Higher interest rates, declining affordability and a retreat by investor/speculators have contributed to the dampening of the market. Now, midway through 2006, chief economists from the National Association of Home Builders, Freddie Mac and Fannie Mae will give a year-to-date analysis of the housing and mortgage markets, and discuss their forecasts for the rest of 2006 and beyond. The call is scheduled for 2:00 p.m. EDT, July 11, 2006. Members of the media will be given the opportunity to ask questions of the speakers at the conclusion of the call. Participating in the call will be: David Seiders, Chief Economist, National Association of Home BuildersDavid Berson, Chief Economist, Fannie Mae Frank Nothaft, Chief Economist, Freddie Mac To participate, please call 1-800-860-2442 (toll free) and ask for the “NAHB Mid-Year Housing Forecast Call”.