Centex CEO: Reviving housing key to US economy | Business news | Chron.com – Houston Chronicle

Centex Corp.’s chief executive said the homebuilder’s sales plunged in the third quarter because would-be homebuyers were put off by worries over the souring U.S. economy, and stressed that economic stimulus legislation working its way through Congress won’t work unless it’s also aimed at reviving home sales.
“Recent economic and credit market shocks caused unprecedented buyer [...]