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Six Questions for Doug Bibby

WASHINGTON, DC-After the S&P fallout, the president of the National Multi Housing Council says without stimulus spending, job growth will come to a halt.

By Jacqueline Hlavenka | Updated on August 08, 2011

(Mark your calendars: RealShare Apartments Oct. 20 in Los Angeles.)

WASHINGTON, DC-After the Dow tumbled 5.5% and Standard & Poor’s downgraded mortgage lender Fannie Mae and Freddie Mac on Monday, Doug Bibby, president of the National Multi Housing Council, was, in one word, “shell-shocked” by the news. “This is different from 2008 in many respects, although certainly the turmoil in the markets is quite similar,” says Bibby, who predicts that the debt crisis could make it harder for the CRE community to do business in the multifamily space going forward. He talked with GlobeSt.com about his perspective on America’s fiscal health and housing.

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