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Home Builders to Congress: It's time to make housing and homeownership a national priority
Housing Zone ^ | 06 June 2012

Posted on 06/08/2012 7:11:11 PM PDT by Lorianne

More than 700 home builders made their way to Capitol Hill this morning to meet with their representatives and senators on several key housing issues, including legislation to help restore the flow of credit for new housing production, GSE reform, and housing tax incentives.

"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, a home builder from Gainesville, Fla., in a statement from NAHB.

Persistently tight lending standards for home builders and home buyers, uncertainty regarding the future of the housing finance system, ongoing threats to vital housing tax incentives, and overly burdensome regulations are hampering a housing recovery and keeping countless home building firms from constructing viable projects and hiring new workers, he added.

In more than 250 individual meetings with their representatives and senators, builders called on their lawmakers to: •Support legislation 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. Sponsored by Reps. Gary Miller (R-Calif.) and Brad Miller (D-N.C.), the measure currently has 96 co-sponsors and would remove barriers to lending while preserving the regulators' ability to assure the safety and the soundness of the financial institutions they oversee. NAHB is seeking cosponsors for similar legislation in the Senate, S. 2078, the Home Building Lending Improvement Act, sponsored by Sens. Bob Menendez (D-N.J.) and Johnny Isakson (R-Ga.). •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 (LRRP) rule (http://www.epa.gov/lead/pubs/renovation.htm). Sponsored by Sen. James Inhofe (R-Okla.), the Lead Exposure Reduction Amendments Act of 2012 (S. 2148) would offer several reforms to EPA enforcement of the lead paint rule, including reinstating the opt-out provision to allow home owners without small children or pregnant women residing in them to decide whether to require LRRP compliance. •Cosponsor House and Senate bills that would reduce the overreach of federal power under the Clean Water Act. House bill H.R. 4965, the Preserve the Waters of the United States Act, and its identically named Senate companion measure (S. 2245), would prevent the EPA and U.S. Army Corps of Engineers from finalizing or implementing their draft guidance to expand the reach of the Clean Water Act to include virtually every ditch, pond and seasonal runoff ditch in the nation.

For more, visit: http://www.nahb.org/news_details.aspx?newsID=15354.


TOPICS: Business/Economy; Government
KEYWORDS:
Huh? Is this repeat-bubble land?
1 posted on 06/08/2012 7:11:25 PM PDT by Lorianne
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To: Lorianne

Great way to send everybody into the land of broke.


2 posted on 06/08/2012 7:15:22 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: Lorianne

You would think that these people would have learned .... if you want something to go from bad to terrible, just invite the Federal Government to help!


3 posted on 06/08/2012 7:15:36 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: Lorianne

Signs of recovery? There is no recovery and will not be until Romney is elected....I think the financial world will go bonkers and party big when that happens.

Getting rid of Obama and his communist buddies is a major first step to restoring confidence in the economy and the future of America...


4 posted on 06/08/2012 7:18:37 PM PDT by EagleUSA
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To: Lorianne

I see at least a couple of provisions I agree with.

(S. 2245), would prevent the EPA and U.S. Army Corps of Engineers from finalizing or implementing their draft guidance to expand the reach of the Clean Water Act to include virtually every ditch, pond and seasonal runoff ditch in the nation.

(S. 2148) would offer several reforms to EPA enforcement of the lead paint rule, including reinstating the opt-out provision to allow home owners without small children or pregnant women residing in them to decide whether to require LRRP compliance.


5 posted on 06/08/2012 7:19:09 PM PDT by ThomasThomas (Entropy isn't what it used to be)
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To: Jonty30

Hey, I’ve got an idea to help.

We’ll let Bawney Fwank take care of the loan rules.

After all, he’s almost as smart as the Obamadork.

Thanks Bawney, Dead Ted, and Harvard. You’ve all succeeded in removing any lingering notions that Massachusetts has any intelligence contained within.

Heh!


6 posted on 06/08/2012 7:20:11 PM PDT by Da Coyote
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To: Lorianne

Hey, I’ve got this great idea! I’m going to call it CRA, the Community Reinvestment Act. Can’t miss getting a lot of people owning homes. We’ll have the gummint force banks to give loans to anyone as long as they have any kind of job or if they’ve thought that having a job some day might be a good idea. And if the new owners default, the gummint will take the loss. This is a win-win, can’t miss success waiting to happen!


7 posted on 06/08/2012 7:21:54 PM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Lorianne

Hey, I’ve got this great idea! I’m going to call it CRA, the Community Reinvestment Act. Can’t miss getting a lot of people owning homes. We’ll have the gummint force banks to give loans to anyone as long as they have any kind of job or if they’ve thought that having a job some day might be a good idea. And if the new owners default, the gummint will take the loss. This is a win-win, can’t miss success waiting to happen! Everyone can own a house now.


8 posted on 06/08/2012 7:22:46 PM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Lorianne

It’s de ja vu all over again -—

Are these people living in a bizarro world??????????


9 posted on 06/08/2012 7:27:42 PM PDT by Uncle Chip
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To: Lorianne
Home Builders to Congress: It's time to make housing and homeownership a national priority

DeBeer's to Congress: It's time to make diamonds and jewelry ownership a national priority.

Thoroughbread breeders of America: It's time to make horse ownership and racing a national priority.

I guess if all you have in your hands is a deflated bubble, your only hope is to get someone else to blow it up for you.

10 posted on 06/08/2012 7:28:57 PM PDT by KarlInOhio (You only have three billion heartbeats in a lifetime.How many does the government claim as its own?)
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To: Lorianne

Wait a minute...isn’t this mindset how we got into the housing fiasco to begin with? Down the rabbit hole.


11 posted on 06/08/2012 7:31:26 PM PDT by Conservative4Ever (The Obamas = rude, crude and socially unacceptable)
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To: Lorianne

Yes, this bill seeks to reinflate the bubble.

Call your Congressman frequently, telling him to:

A) Throw all lobbyists out of his office, regardless of who they represent. All communications with lobby groups should be i) completely and immediately public and ii) only initiated by them as a request for info, the Congressman should never respond to requests initiated by lobbyists. All this implies that the Congressman would have a clue about what to do, so in most cases, today’s Congress critters are not up to the job.

B) Only sponsor and only vote for one type of legislation: that which repeals existing legislation.

C) support a Constitutional amendment to prohibit government borrowing during peacetime.

D) Reduce spending to what revenue is coming in, and start the reductions by eliminating agencies and welfare of any and all kinds.


12 posted on 06/08/2012 7:34:21 PM PDT by PieterCasparzen (We have to fix things ourselves.)
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To: RetiredTexasVet

The builders got their money. The banks and taxpayers are the ones holding the empty moneybag.


13 posted on 06/08/2012 7:34:50 PM PDT by Cowgirl of Justice
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To: Lorianne

Been tried already but if you are up for stated, no interstate loans I might be tempted to jump in....


14 posted on 06/08/2012 7:35:09 PM PDT by Vendome (Don't take life so seriously, you won't live athrough it anyway)
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To: Lorianne
Until Americas get back to work and earn, homes are a useless piece of over regulated junk. Get used to it. NO DAMN MONEY TO BUY! Millions moving back with parents. What lunkheads and if government get involved the whole industry will crash.
15 posted on 06/08/2012 7:42:18 PM PDT by Logical me
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To: Lorianne
Politicians and their whores will not change. What needs to happen is to redefine home ownership as a goal, not a right. It's that simple. A-holes from Carter through Bush all misled the idiot people to think they were entitled to a home of their own, instead of holding it out as a goal to be achieved.
16 posted on 06/08/2012 7:42:28 PM PDT by hinckley buzzard
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To: Lorianne

Here we go again. The best way for the housing market to stabilize and adapt to supply/demand is to get the fedguv out of it - all the way out.


17 posted on 06/08/2012 7:43:19 PM PDT by elkfersupper ( Member of the Original Defiant Class)
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To: Vendome

I’m with you. I don’t want to live anywhere near an interstate.


18 posted on 06/08/2012 7:45:03 PM PDT by elkfersupper ( Member of the Original Defiant Class)
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To: Lorianne

But, but I though private businesses were doing fine?!?


19 posted on 06/08/2012 7:50:35 PM PDT by bgill
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To: Lorianne
NOT EVERYONE SHOULD OWN A HOUSE!

One of America's strengths is a mobile work force.

You can't be mobile tied to a mortgage.

Unless you plan on being in the same place for at least seven years, renting is probably the financially superiror thing to do, if you have the discipline to save the difference between your rent payment and what a mortgage payment would be. There are transaction costs in buying and selling. Yes, I know you can make money in a bubble, but people get caught on both ends of bubbles.

20 posted on 06/08/2012 7:56:18 PM PDT by E. Pluribus Unum (Do I really need a "sarcasm" tag? Seriously? You're that dense?)
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To: Lorianne

Their cessation of building will help to take care of the problem of regulations, regulators, environmentalists and NIMBYs. With no building going on, there’s no need for much regulatory enforcement. They were worthless anyway, and private inspectors working for house buyers have already been finding outrageous safety violations in houses approved by the local mobs.


21 posted on 06/08/2012 8:11:06 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: Lorianne
Why would I pretend to “buy” property I will never really own?

Home ownership is a joke.
Miss an annual tax payment for owning your property, and find out just how much you “own” anything at all.

22 posted on 06/08/2012 8:42:48 PM PDT by sarasmom ( http://www.youtube.com/watch?feature=player_embedded&v=xZsFe6dM3EY)
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To: elkfersupper

LOLOLOLOLOL!!!!!!!

These so called smart phones.....

They can type some pretty funny stuff and some stoopit stuff....


23 posted on 06/08/2012 8:46:28 PM PDT by Vendome (Don't take life so seriously, you won't live athrough it anyway)
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To: Lorianne

“Huh? Is this repeat-bubble land?”

EXACTLY. I would suggest that the builders (and others) first figure out how to fill the 5 million or so empty (or squatted-in) houses that already exist.


24 posted on 06/08/2012 9:23:13 PM PDT by BobL
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To: Lorianne

Judas Priest, aren’t we just now attempting recovery from that line of reasoning


25 posted on 06/08/2012 11:41:53 PM PDT by yldstrk ( My heroes have always been cowboys)
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To: Lorianne

Dear Congress,

Housing is so important to America that without a subsidy it will die.

Sincerely,

Home Builders


26 posted on 06/09/2012 1:54:57 AM PDT by 1010RD (First, Do No Harm)
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To: Right Wing Assault
Hey, I’ve got this great idea! I’m going to call it CRA, the Community Reinvestment Act

Don't forget to add the word "Program" at the end...

27 posted on 06/09/2012 3:45:30 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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To: trebb

:) perfect


28 posted on 06/09/2012 1:54:57 PM PDT by Lorianne (fedgov, taxporkmoney)
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