http://www.mortgagenewsdaily.com/7202007_Commercial_Construction.aspThe homebuilding industry is obviously in distress. But, in testimony before the House Financial Services Committee, Federal Reserve Chairman Ben Bernanke made an interesting statement about employment in the home- building industry. Remarking that thereenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/7202007_Commercial_Construction.asp#8486Fri, 20 Jul 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8486tomHello! Duh, they ,the goverment doesn&#39;t count illegalls in the unemployment rolls.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8486" width="1" height="1">http://www.mortgagenewsdaily.com/7202007_Commercial_Construction.asp#8485Fri, 20 Jul 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8485ROCKINONNAHB Chief Economist David Seiders, This individual is an idiot, The housing market is going to take years to correct and I believe the Fed understands &amp;is scared to do anything about it. As it could start a very risky venture for all of the industry. The Fed knows it should raise the rates but is getting pressure from congressional, presidential and lobbyists not to. The rate needs to be notched up 1.5 %, this will undo the inflationary prices we see in homes at this time by at least 20-35%. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8485" width="1" height="1">http://www.mortgagenewsdaily.com/7202007_Commercial_Construction.asp#8484Fri, 20 Jul 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8484lumberdude&quot;It ain&#39;t purrrdddy&quot; Lawrence Whitney a.k.a. &quot;Larry The Cable Guy&quot;<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8484" width="1" height="1">