Following President Trump’s State of the Union Address Tuesday, National Association of Home Builders first vice Chairman, Greg Ugalde, weighed in. A builder and developer from Torrington, Conn., Ugalde attended the event, later commenting that, “NAHB commends President Trump for highlighting the need for large-scale nationwide investment in infrastructure that is vital to build strong communities and a thriving housing market. Homeownership and housing are essential to a strong and prosperous nation.” At the same time, new research by Freddie Mac shows that America’s home builders are constructing 370,000 fewer units annually than needed to satisfy demand, he suggests.

The biggest impediment to a shortfall, Ugalde says, includes the growing housing affordability crisis, which he says the current administration and Congress must make a top national priority. “Policymakers can start by taking the following steps: Eliminate unnecessary regulations that raise housing costs; enact housing finance reform that enables creditworthy borrowers to obtain home loans; and promote job training programs in home building to help address the severe labor shortage that is putting upward pressure on home prices,” he says.


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