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Whirlpool's Fettig Doesn't See Housing Bubble
Mar 9, 2006
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Whirlpool Chairman and CEO Jeff Fettig said Tuesday that he does not see a housing bubble. Fettig was speaking during a presentation at an investor conference in Orlando, Florida, U.S., sponsored by Raymond James & Associates. The Whirlpool Corporation (Benton Harbor, Michigan, U.S.) head also spoke at a Citigroup Investment Research conference in New York City on March 8. His presentations included discussions of Whirlpool's outlook and strategy.

AP reports Fettig expects Whirlpool would not be impacted by a housing bubble, even if one existed. He said the appliance company has forecast a "modest decline" in its business. Existing home sales, Fettig told investors, have the greater impact on the appliance replacement market, and he does expect a leveling off of existing home sales.

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