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Already, the housing slowdown has begun damaging the job market.
The recent housing slowdown has curbed such plans.
The nationwide housing slowdown has barely registered here.
But the revised data show that the housing slowdown has taken its toll on consumers.
Some Fed officials argued that a housing slowdown would be good for the broader economy.
Optimists note that the housing slowdown has so far had scant impact on consumer spending.
"The housing slowdown is more serious than we thought earlier" he said.
"The housing slowdown has actually increased people's appetite and interest," Mr. Rascoff said.
Countrywide, based in Calabasas, Calif., has struggled amid the housing slowdown and credit crisis.
The market is tough because of the darkening economic outlook, the weak dollar and the housing slowdown.
THE unsteady economy this year may have caused a housing slowdown, but it certainly hasn't produced a housing slim-down.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com