1/5/09

Westrum joins Fix Housing First Coalition

FT. WASHINGTON-BASED WESTRUM DEVELOPMENT COMPANY JOINS FIX HOUSING FIRST COALITION

National Association of Home Builders’ Group Pushes for Housing Recovery Plan

Ft. Washington, Pa. – Real estate visionary John Westrum and Westrum Development Company proudly announce their support for the National Association of Home Builders’ (NAHB) Fix Housing First, one of the largest coalitions of housing advocates ever assembled in the United States, to push for a housing recovery plan that will revive the economy.

"The economic recovery must start with the stabilization of housing values,” says John Westrum. “The rates proposed in this program will give buyers the ability to purchase a home at all-time low values and great rates."

Fix Housing First consists of more than 600 organizations, home building companies, and manufacturers and continues to add new members on a daily basis. The group is pressing for a major stimulus package to stem the decline in home values, stabilize financial markets and re-ignite consumer demand. To get the economy moving again, the coalition is urging Congress to support enhancements to the homebuyer tax credit and provide below-market 30-year fixed-rate mortgages for home purchases.

For more information on Fix Housing First, please visit www.nahb.org