NAHB Says Presidential Candidates Must Address Housing IssuesOctober 20th, 2011 | Category: Industry News
The National Association of Home Builders (NAHB) says it agrees with opinions voiced by the Wall Street Journal, MSNBC and other media outlets, saying that the Republican presidential candidates let a great opportunity slip away during the recent presidential debate. The candidates failed to explain how they would address the nation’s housing problems in order to get the housing market and economy back on track, according to the NAHB.
“There can be no economic recovery without a housing recovery, yet the silence on housing was deafening during the debate,” says 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.”
Nielsen also noted that the absence of specific policy proposals to spur the housing market and promote homeownership is not limited to the GOP presidential contenders.
“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.”
In normal economic times, housing accounts for more than 17 percent of the nation’s economic output, according to the NAHB. Building 100 single-family homes generates 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.