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If we allow more development, it will bring housing affordability.

Ultimately, stable growth will ensure that urban and rural incomes increase and people's lives improve.

Our economy isn't going to recover until the housing market finds its footing.

A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.

The real story in housing will be a recovery in the economy that will drive a recovery in housing, When people are working, when there are more jobs, more households forming and people go back to buying cars, they're going to want their apartments and homes. And that's when you'll start to see a recovery in home prices.

My own experience in the third world was that even if people started to make more money, the cost of living and housing increased often faster than the wages.

Although housing sales and starts have cooled to more typical levels, the housing market remains strong and sound. Without the expansion of homeownership and the strength of our housing market, our nation would not have the economic growth we are experiencing today.

Housing is a relatively small sector of the economy, and its decline should be self-correcting.

If productivity grows, the economy does well.