Home Builders Association of Georgia to Host Media Teleconference on the Urgent Need for Housing and Economic Stimulus

--(BUSINESS WIRE)--National Association of Home Builders (NAHB):

WHEN:

Wednesday, Jan. 7, 2009
10:00 a.m. EST

WHO:

• Rick Porter, Owner, Richport Properties, Inc., Tucker, Ga.
• Kenny King, President, Kingsland Corp., Snellville, Ga.
• Jim Stansberry, Vice President Sales & Marketing, ProBuild, Atlanta, Ga.
• Kurt Cannon, Owner, Rabun Builders, Inc., and President, Home Builders Association of Georgia, Clayton, Ga.
• Bernard Markstein, Staff Vice President, Economics & Housing Policy, National Association of Home Builders

WHAT:

The nation is in the midst of its worst economic crisis since the Great Depression. Three million home building-related jobs alone have been lost as a result of the slowdown, and the deterioration has spread into nearly all other job sectors. Builder confidence measures are at an all time low and foreclosures continue climbing to record levels. The economic crisis has spread to nearly every small town and city across the country, and families are suffering.

On Jan. 7, the Home Builders Association of Georgia will host a teleconference to discuss the state of the local housing market and push for Congress to take bold and decisive action to spur a housing and economic recovery.

Rick Porter, owner of Richport Properties, Inc., will discuss the state of the housing industry and what elements Congress should include in an economic stimulus package. NAHB Staff Vice President, Economics & Housing Policy Bernard Markstein will analyze how the Georgia housing market reflects the overall trends in the national economy and housing market. Jim Stansberry, a home building industry supplier, and Kenny King and Kurt Cannon, home builders, will provide a view from the front lines of the local housing market.

Members of the media will be given the opportunity to ask questions at the conclusion of the call.

TO PARTICIPATE:
To participate in the call, please dial 1-800-860-2442 (toll-free) and ask for the “Georgia Housing Market” Call.

For more information, please contact Liz Warin at ewarin@nahb.com or 202-266-8495.

ABOUT NAHB: The National Association of Home Builders is a Washington, D.C.-based trade association representing more than 235,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction. Known as "the voice of the housing industry," NAHB is affiliated with more than 800 state and local home builders associations around the country. NAHB's builder members will construct 80 percent of the nearly 1 million new housing units projected for 2008.