White House says needs to deal with housing problems (Reuters) – 1864th Edition

6 06 2011

A sign advertising new homes starting at the price of $100,000 is displayed in Chandler Heights, Arizona June 2, 2011. Consumers turned more pessimistic in May, while home prices fell back below crisis-era lows in March, pointing to an economy that continues to struggle. REUTERS/Joshua Lott (UNITED STATES - Tags: BUSINESS)Reuters – The struggling housing sector will not stop the country’s economic recovery but the Obama administration needs to deal with problems in the market, a top White House economic adviser said on Sunday.

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