NAHB Urges Congress to Act on Housing Finance Reform

NAHB today commended House Financial Services Committee Chairman Jeb Hensarling (R-Texas) for working with lawmakers across the political aisle to develop a legislative framework to move housing finance reform forward.

“We support many aspects of the Bipartisan Housing Finance Reform Act of 2018, and are especially pleased that the draft legislation includes an explicit government backstop that assures market participants that the federal government will maintain stability, keep credit flowing and make investors whole in catastrophic circumstances,” NAHB CEO Jerry Howard said in testimony before the House Financial Services Committee.

“NAHB believes an explicit federal government guaranty is particularly important to the continued availability of the 30-year fixed-rate mortgage, which has been a staple of the U.S. housing finance system since the 1930s, and we appreciate that the preservation of the 30-year mortgage is emphasized in this draft bill,” Howard added.

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IBS Early Bird Pricing Extended to Friday, Dec. 14

The deadline to take advantage of special early bird pricing for the 2019 International Builders’ Show has been extended to Friday, Dec. 14.

Don’t miss your chance to attend the world’s largest annual light construction show at the best possible price. Register today.

NAHB members can purchase a full registration for $425 (increases to $475 on December 15) or select an expo pass for only $50 (increases to $100 on December 15).

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Home Builders Mourn the Passing of President Bush

On this national day of mourning for President George H. W. Bush, the nation’s home builders salute his legacy of a lifetime of service to America.

NAHB Chairman Randy Noel issued the following statement on the passing of President Bush:

“On behalf of all the members of NAHB, I wish to extend my deepest condolences to the Bush family. President Bush was an American war hero, a great statesman and an American patriot who embodied the ideals of our nation.

“He was also a true believer in housing. President Bush hosted the NAHB Board of Directors on the South Lawn of the White House to commemorate the association’s 50th anniversary. He said that ‘strong housing can help a strong economy’ and ‘the dream of homeownership keeps the American dream alive.’

“To make these words a reality, President Bush pushed vigorously for policies to ensure that housing would help boost the economy. He championed a $5,000 tax credit for first-time home buyers, called for penalty-free withdrawals from IRAs for the purchase of a first home, urged changes in the passive loss tax rules to spur real estate and housing development, and called for an extension of mortgage revenue bonds and the low-income housing tax credit.

“President Bush summed up the importance of a strong housing industry to America when he said: ‘The old adage is coming true: As housing goes, so goes the economy. Owning a home helps America, makes it better, and more caring.’

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