Friday, February 23, 2007

Housing: The Worst is Yet to Come.

Richard Manoogian, the chairman and CEO of Masco, a company intimately involved in homebuilding, is guest host on CNBC this morning and he stated his view on housing pretty clearly: the housing situation is worse than most people realize and the worst is yet to come.

Does this eventually take it's toll on the rest of the economy? It seems likely to me.

CNBC: The Worst is Yet to Come.