NAHB Says the Fed Rate Cut is a Positive Step

[hausdok]

Washington - January 29th

Now Congree Must Act on Stimulus, Builders Say

The Federal Reserve’s decision to cut short-term interest rates today by half a percentage point is another step in the right direction to shore up a weakening economy, according to the nation’s home builders.

“We urge Fed policymakers to monitor events closely and be prepared to enact further cuts in the future,â€