Marketwatch - Core inflation likely to edge a bit lower: Bernanke

Much of the slower pace of growth is the result of the downturn in the housing market, he said.

Bernanke did not forecast when the housing market might hit bottom. He said the Fed expects demand to stabilize, but the pace of construction will probably fall somewhat further as builders work down stocks of unsold new homes.

As a result, the declines in home building will likely continue to weigh on economic growth "over coming quarters" with the magnitude of the drag diminishing over time, he said.
Yeah maybe about the next 40 quarters?

http://www.itulip.com/housingbubblecorrection.htm

Step G: Ten to fifteen years after the start of the decline in housing values, prices will bottom out, setting the stage for the next boom. Time to buy.