The National Association of Home Builders announced recently that Federal Reserve Chairman Ben Bernanke will essentially keynote the International Builders’ show in February, via a publicly-attended speech to the association’s board of directors.
Bernanke to Keynote International Builders’ Show in February.
The speech will take place during a special session of the National Association of Home Builders (NAHB) board of directors on February 10th, and attendees of the convention will have a first-come, first-served opportunity to sit in and hear the Chairman’s remarks.
The speech reflects the closely entwined interests of the nation’s leading economic director, and those of the country’s largest and most influential new home builders group. With the economy continuing to lag, and new home construction failing to lead the economy out of its post-recession slump (as has happened in most prior recessions), the Federal Reserve and the NAHB have much to discuss when it comes to the industry’s future.
The Federal Reserve under Bernanke’s leadership has tried repeatedly to stimulate the new and existing homes markets, through sustained ultra-low interest rates and essential purchases of mortgage-backed securities. NAHB, on its part, continues to lobby Congress on matters pertaining to the ongoing housing finance debates.
More details on the scheduled Bernanke speech on February 10th in Orlando will be released as the event date draws near.
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