Bloomberg - "Greenspan Says Worst of U.S. Housing Slowdown Is Over (Update2)" (2-14-07)

"Former Federal Reserve chairman Alan Greenspan said the U.S. housing slowdown may be coming to an end, citing sales of new homes."

"Greenspan's comments represent a view similar to those of his successor, Ben S. Bernanke. Bernanke told the Senate Banking Committee today that the Fed expects economic growth to strengthen 'somewhat as the drag from housing diminishes.' Fed policy makers predicted gross domestic product will increase by 2.5 percent to 3 percent this year."