Builders Storm Capitol Hill to Ensure Housing is a Main Concern

June 07, 2012

Capitol HillHousing and homeownership are top priorities for the National Association of Home Builders (NAHB). The NAHB wants to make sure this is a priority for Washington as well. Over 700 home builders made their way to Capitol Hill to make sure their voices were heard in regards to ensuring the housing market is a top-tier issue.

“Though we are seeing some hopeful signs of recovery in many markets throughout the nation, our industry still faces stiff headwinds,” said NAHB Chairman Barry Rutenberg.

Issues that stand in the way of a housing recovery include the tight lending standards for both home builders and homeowners, uncertainty regarding the housing finance system, threats to housing tax incentives and draconian regulations that hinder a recovery.

Builders called on lawmakers to:

  • Restore the flow of credit for new housing production. NAHB is urging the House Financial Services Committee to consider H.R. 1755, the Home Construction Lending Regulatory Improvement Act.
  • Pass comprehensive legislation to reform housing government sponsored enterprises Fannie Mae, Freddie Mac and the Federal Home Loan Banks that provides a federal backstop to ensure a reliable and adequate flow of affordable housing credit in all economic and financial conditions.
  • Preserve current housing tax incentives, including the mortgage interest deduction and Low Income Housing Tax Credit, as the debate on tax reform moves ahead.
  • Support legislation to make much-needed improvements to the Environmental Protection Agency’s Lead: Repair, Renovation and Painting  rule.
  • Cosponsor House and Senate bills that would reduce the overreach of federal power under the Clean Water Act.

“In this pivotal election year, it is imperative to ensure that presidential and congressional candidates on both sides of the political aisle understand the importance of housing and home ownership,” said Rutenberg. “Today, builders from across the land reiterated this message to their legislators and reminded them that there can be no economic recovery without a housing recovery.”

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

Leave a Comment