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Statement from NAHB Chairman Rick Judson on President Obama's State of the Union Address

Tuesday, January 28, 2014   (0 Comments)
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NAHB Press Release 

 

WASHINGTON, Jan. 28 - Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder from Charlotte, N.C., issued the following statement regarding President Obama's State of the Union address:


"NAHB agrees with President Obama that 'the most important investment many families make is their home.' Homeownership is an important part of the American Dream, but too many creditworthy borrowers are still unable to purchase a home of their own.

"Nothing packs a bigger economic punch than home building. Building 100,000 homes creates more than 300,000 full-time jobs and $8.9 billion in tax revenues that are essential to help local communities build schools, hire police and firefighters, and fix roads.

"With the right policies in place, housing can lead the economy to higher ground. Tonight, the President called on Congress to send him legislation that will avoid another housing crisis and 'keeps the dream of homeownership alive for future generations.'

"NAHB looks forward to working with the Administration and members of Congress in a bipartisan spirit to enact meaningful housing finance reform that will ensure a consistent flow of credit for qualified home buyers and offer affordable rental housing opportunities. Such a plan must provide proper federal support that will protect 30-year mortgages, limit taxpayer exposure, encourage increased participation from the private sector, and ensure liquidity and stability for homeownership and rental housing."

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