Industry NewsMarkets & Economy

Realogy CEO works on housing fixes

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Richard A. Smith, president and CEO of Realogy Corp., is leading a housing task force for a business organization that will explore challenges facing U.S. homeowners. The Housing Working Group of the Business Roundtable organization is expected to deliver recommendations within 60 days to the Obama administration and Congress for a housing recovery. Group members include: Thomas C. Nelson, chairman, president and CEO of National Gypsum Co.; Stephen Odland, chairman and CEO of Office Depot; Daniel Fulton, CEO of Weyerhaeuser Co.; and Jeff Fettig, chairman and CEO of Whirlpool Corp. "Since housing-related industries account for more than 20 percent of the U.S. gross domestic product, the recovery of the residential housing market is vital to the recovery of the U.S. financial markets and the overall economy," Smith said in a statement. "Stimulating the housing market from a demand-side perspective is key to putting America back on the path to economic growth....