[Congressional Record (Bound Edition), Volume 151 (2005), Part 20]
[House]
[Page 26555]
[From the U.S. Government Publishing Office, www.gpo.gov]




             HOME OWNERSHIP AND GROWING ECONOMY--GOOD NEWS

  (Mr. PRICE of Georgia asked and was given permission to address the 
House for 1 minute.)
  Mr. PRICE of Georgia. Mr. Speaker, our economy is continuing its move 
up, with the housing market in the driver's seat. Since the 1990s, the 
housing market has been on the rise, and last quarter this increase was 
even bigger, reaching record-breaking growth. This is good news and 
something that we all should applaud.
  Mr. Speaker, this housing boom should be creating a lot of news, and 
there are a few facts that you may not have seen in your morning paper. 
New homeowners have been able to build hundreds of billions of dollars 
in equity in ownership. Consumer spending has increased, putting more 
and more dollars back into our economy. New jobs, that is an increase 
in jobs, has occurred in each of the last 25 months. And, of course, 
the increased rate of homeownership to record levels have helped 
millions of Americans realize the American dream.
  With a stronger economy and an increase in jobs, the trend of 
continuous economic growth should only grow stronger in the months 
ahead. As we approach Thanksgiving, we should all give thanks for the 
incredible opportunities we have in our Nation, opportunities that give 
every American greater hope and optimism about their future.

                          ____________________