Whirlpool CEO Doesn’t See Housing Bubbles Come Out In The Wash

This is from The Matrix
Posted by Jonathan J. Miller
March 8, 12006

The CEO of Whirlpool said yesterday that he doesn’t see a housing bubble [BW]. They forecast a modest decline in demand for applicances from construction. His comments seem to be on par with NAR’s. No bubble, moderating sales and existing home sales have more of an impact.

This is one of the things that is given short shrift in the ongoing debate about the economic impact caused a change in the housing market. A lot has been discussed about direct employment, such as sales brokers, mortgage brokers, construction workers, etc. But what about support services and products to housing and the potential ripple effect?

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