Today, virtually every economist agrees that the housing recession is likely to continue weighing on economic growth.

It was the third straight gain, and the report provided new evidence that the housing recession may have ended.

Analysts view January as the bottom of the housing recession.

"I don't think we'll see a recovery from the apparent housing recession in 1989."

Steady regional expansion took volumes up to 2,000 by 1988 with a target of 4,000 following the housing recession.

Most analysts believe the housing recession ended in January.

In 2007, the question is whether the economy can emerge from a housing recession.

Analysts maintain that the current housing recession is different from those in the past because interest rates, even at recent levels, have not been unusually high.

Although Westbury lost money for three years in the 1990 housing recession, it had maintained its volumes.

At the same time, even after six years of a housing recession, the sector is comatose.