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MORTGAGE AND FINANCIAL MARKETS CONTINUE TO SLOW HOUSING ACTIVITY, BUILDERS TESTIFY

March 16, 2009 - (RealEstateRama) — The National Association of Home Builders (NAHB) told Congress that the housing sector is still being significantly affected by the upheaval in the financial and mortgage markets that started in 2007, and there is deep concern that these financial dislocations will increase the depth and length of the housing downturn