Deputy Central Bank Governor Janet Yellen said the U.S. housing market will experience a "long recovery" and the Central Bank of the United States working with other agencies to prevent foreclosures and vacant property stock.

"Unfortunately I can not think quick or easy solutions to the problems that still plagued the housing market," he said in the text of a speech today in Cleveland. "Even after the start of recovery in the housing market is likely to be long and protracted in the process."

Housing construction and real estate is still showing "weakness widely, except in the rental segment," from last month's data, the U.S. central bank said yesterday in its Beige Book survey of economic Letter. Governor of Central Bank of America Ben S. Bernanke said that the recovery of monetary stimulus should speed up economic growth in the second half of this year.

"To the American Central Bank will continue to use policy tools to support economic recovery and implement dual mandate to foster maximum employment in the context of price stability," Yellen said in his speech at the policy conference of the Central American Bank in Cleveland.

The American economy is described as "steady pace" during the month of May in all regions except four of the 12 regions, according to the Beige Book report. Policy makers describe the housing market "depressed" after the last meeting in April.

House prices in 20 cities fell in March to its lowest level since 2003, shows housing market remains mired in a slump nearly two years into an economic recovery.

American Central Bank officials plan to meet in Washington on 21-22 June, just a week before the expiration of the program to buy American Central Bank bonds of $ 600 billion. They have encouraged growth by holding its key rate near zero since December 2008 and expand the U.S. central bank balance sheet amounted to $ 2.79 trillion.