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Builders Organization Urges Presidential Contenders to Address Housing Issues
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Builders Organization Urges Presidential Contenders to Address Housing Issues
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Builders Organization Urges Presidential Contenders to Address Housing Issues
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October 26, 2011 (Jeff Alan)

With more than 1.4 million residential construction workers idled since April 2006 and with policy headwinds keeping home buyers on the sidelines and harming the economy, the National Association of Home Builders (NAHB) is urging all presidential contenders to specify their policy proposals to spur the housing market.

Citing reports from the Wall Street Journal, MSNBC and other media outlets, NAHB noted that the Republican presidential contenders let a great opportunity to explain how they would address the nation’s housing problems slip away during the presidential debate on Tuesday of last week.

“There can be no economic recovery without a housing recovery, yet the silence on housing was deafening during the debate,” said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. “It is particularly ironic that with the debate setting in Las Vegas, the epicenter of the foreclosure crisis, the candidates chose to duck this topic and other critical housing issues.”

Nielson also noted that the lack of specific policy proposals wasn’t just limited to the GOP contenders but also directed towards the Obama administration.

“President Obama needs to take an affirmative position on homeownership as well,” he said. “The failure of the Administration to put forth pro-housing policies is impeding the economic recovery and hurting job growth and consumer confidence.”

NAHB points out that in normal times, housing accounts for more than 17 percent of the nation’s economic output with 305 full-time jobs, $23.1 million in wage and business income and $8.9 million in taxes and revenue for state, local and federal governments generated for every 100 single-family homes that are built.

But the strong policy headwinds coming out of Washington threaten to prevent workers from returning to their jobs, keep homebuyers on the sidelines and diminish an economic recovery.

Policies being debated such as mandating 20 percent down payments, abolishing Freddie Mac and Fannie Mae and eliminating or reducing the mortgage interest deduction would all deter a housing recovery according to NAHB.

“Instead of arguing who was to blame for the downturn, all the 2012 presidential hopefuls need to be addressing these housing issues head-on,” said Nielsen. “Housing and homeownership are critical to a strong and prosperous nation. If any of these anti-housing policies are codified, it could fundamentally alter the ability of the nation to sustain a middle class that has contributed to a century of economic progress.”

Tags: NAHB, residential construction, presidential contenders, housing policies, GOP, Obama, economic recovery, downturn blame

Source:
NAHB

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October 26, 2011 (Jeff Alan)

With more than 1.4 million residential construction workers idled since April 2006 and with policy headwinds keeping home buyers on the sidelines and harming the economy, the National Association of Home Builders (NAHB) is urging all presidential contenders to specify their policy proposals to spur the housing market.

Citing reports from the Wall Street Journal, MSNBC and other media outlets, NAHB noted that the Republican presidential contenders let a great opportunity to explain how they would address the nation’s housing problems slip away during the presidential debate on Tuesday of last week.

“There can be no economic recovery without a housing recovery, yet the silence on housing was deafening during the debate,” said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. “It is particularly ironic that with the debate setting in Las Vegas, the epicenter of the foreclosure crisis, the candidates chose to duck this topic and other critical housing issues.”

Nielson also noted that the lack of specific policy proposals wasn’t just limited to the GOP contenders but also directed towards the Obama administration.

“President Obama needs to take an affirmative position on homeownership as well,” he said. “The failure of the Administration to put forth pro-housing policies is impeding the economic recovery and hurting job growth and consumer confidence.”

NAHB points out that in normal times, housing accounts for more than 17 percent of the nation’s economic output with 305 full-time jobs, $23.1 million in wage and business income and $8.9 million in taxes and revenue for state, local and federal governments generated for every 100 single-family homes that are built.

But the strong policy headwinds coming out of Washington threaten to prevent workers from returning to their jobs, keep homebuyers on the sidelines and diminish an economic recovery.

Policies being debated such as mandating 20 percent down payments, abolishing Freddie Mac and Fannie Mae and eliminating or reducing the mortgage interest deduction would all deter a housing recovery according to NAHB.

“Instead of arguing who was to blame for the downturn, all the 2012 presidential hopefuls need to be addressing these housing issues head-on,” said Nielsen. “Housing and homeownership are critical to a strong and prosperous nation. If any of these anti-housing policies are codified, it could fundamentally alter the ability of the nation to sustain a middle class that has contributed to a century of economic progress.”

Tags: NAHB, residential construction, presidential contenders, housing policies, GOP, Obama, economic recovery, downturn blame

Source:
NAHB

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

October 26, 2011 (Jeff Alan)

With more than 1.4 million residential construction workers idled since April 2006 and with policy headwinds keeping home buyers on the sidelines and harming the economy, the National Association of Home Builders (NAHB) is urging all presidential contenders to specify their policy proposals to spur the housing market.

Citing reports from the Wall Street Journal, MSNBC and other media outlets, NAHB noted that the Republican presidential contenders let a great opportunity to explain how they would address the nation’s housing problems slip away during the presidential debate on Tuesday of last week.

“There can be no economic recovery without a housing recovery, yet the silence on housing was deafening during the debate,” said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. “It is particularly ironic that with the debate setting in Las Vegas, the epicenter of the foreclosure crisis, the candidates chose to duck this topic and other critical housing issues.”

Nielson also noted that the lack of specific policy proposals wasn’t just limited to the GOP contenders but also directed towards the Obama administration.

“President Obama needs to take an affirmative position on homeownership as well,” he said. “The failure of the Administration to put forth pro-housing policies is impeding the economic recovery and hurting job growth and consumer confidence.”

NAHB points out that in normal times, housing accounts for more than 17 percent of the nation’s economic output with 305 full-time jobs, $23.1 million in wage and business income and $8.9 million in taxes and revenue for state, local and federal governments generated for every 100 single-family homes that are built.

But the strong policy headwinds coming out of Washington threaten to prevent workers from returning to their jobs, keep homebuyers on the sidelines and diminish an economic recovery.

Policies being debated such as mandating 20 percent down payments, abolishing Freddie Mac and Fannie Mae and eliminating or reducing the mortgage interest deduction would all deter a housing recovery according to NAHB.

“Instead of arguing who was to blame for the downturn, all the 2012 presidential hopefuls need to be addressing these housing issues head-on,” said Nielsen. “Housing and homeownership are critical to a strong and prosperous nation. If any of these anti-housing policies are codified, it could fundamentally alter the ability of the nation to sustain a middle class that has contributed to a century of economic progress.”

Tags: NAHB, residential construction, presidential contenders, housing policies, GOP, Obama, economic recovery, downturn blame

Source:
NAHB

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.