I haven't posted on Active Rain much for the last two months.  Mainly due to the fact that the home building market continues to deteriorate in markets and time has been at a minimum. 

I did hear recently, or read in a news release, that the villains behind all the sub-prime woes and the market palpatations is the home building industry.  This is just not the case.  It's not true and I can't stand by and watch it said.

Home builders and the residential construction industry supported the economy during trying times over the last decade.  Many millions of Americans were employed in this industry or in associated industries.  It is ridiculous to suggest that we should destroy the home construction market to calm inflation or to help the economy in any way.  The exact opposite is true, when economic wizards decided to harm and slow the residential construction industry, they started a firestorm that is still gaining energy even now.

It's time for leadership by men and women that remember the "ownership society" and the positive impact that residental construction has on our entire economy. 

By the way, sub-prime mortgages grew in popularity because bond investors wanted higher returns.  It's that simple.  If those mortgages need to be repriced to reflect higher risk, fine, but that's not the fault of the lender or the realtor or the builder.