Jerry Howard, president and CEO of the National Association of Home Builders (NAHB), announced today that staff and operating cutbacks will take place that will result in the savings of $11.5 million for the association in 2009. Howard says this move is necessary as “the housing industry is confronting the most serious recession in more than 50 years.”

“In my 20 years at NAHB, including the past eight years as president and CEO, this is by far my toughest and most difficult decision,” he said. “The staff cutbacks touch on the careers of dedicated professionals who have been committed to the mission of our industry. They are good, talented and hard-working people. Nevertheless, the stark financial realities confronting our association and industry cannot be ignored.”

NAHB projects that income from membership and trade shows will be down significantly in 2009. To balance NAHB’s operating budget, the association will eliminate 52 positions of which half are currently vacant. The layoffs will take effect immediately. In addition, the association will reduce expenditures sharply that were approved previously for 2009.

“By taking this action now, we help position the association to maintain its advocacy leadership and vital services for an industry struggling in the toughest economic environment seen in generations,” he added.

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