NAHB Applauds Senate Confirmation of Stevens as FHA Commissioner

WASHINGTON--(Business Wire)--
The National Association of Home Builders (NAHB) today applauded Senate
confirmation of David Stevens as head of the Federal Housing Administration
(FHA).

"During this time of market uncertainty, NAHB believes that it is essential to
have a strong and experienced leader at the FHA and David Stevens is the right
man for the job," said NAHB Chairman Joe Robson, a home builder from Tulsa,
Okla. "His strong background in the financial services, real estate and mortgage
industries makes him uniquely qualified to take on the extensive challenges
facing the FHA and the housing industry. NAHB looks forward to working with Mr.
Stevens and HUD in 2009 and beyond to put housing back on a growth path."

Since October 2008, Stevens served as president and chief operating officer of
the Washington, D.C.-based real estate firm of Long & Foster. He joined Long &
Foster in 2006 to lead the company`s affiliated businesses, including its
mortgage, title and insurance division.

ABOUT NAHB: The National Association of Home Builders is a Washington,
D.C.-based trade association representing more than 200,000 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 about 80 percent of the new housing units projected for 2009.

National Association of Home Builders (NAHB)
Donna Reichle, 202-266-8473
dreichle@nahb.com
www.nahb.org

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