NAHB Lobbying for Housing Stimulus Legislation

Washington, DC, June 25, 2008-The National Association of Home Builders has initiated an all-out effort to get Congress to pass stimulus legislation that will help stabilize the economy and housing market and assist millions of current and potential home owners.

A central component of this legislation is a temporary home buyer tax credit to stimulate home purchases by qualified first-time buyers.

With the goal of urging lawmakers to act before their July 4 recess, NAHB is waging its effort on several fronts, including a grassroots lobbying initiative among the association’s 235,000 members and an ongoing national advertising campaign.

Among NAHB’s more visible efforts are this week’s placement of “An Open Letter to Congress” ad in The Washington Post and USA Today and two of the most widely read publications on Capitol Hill, Roll Call and Politico.

Under the headline “A Time for Leadership,” NAHB President and West Virginia home builder Sandra Dunn writes that “The landmark housing stimulus legislation now before both the House and Senate would help end the downward housing spiral that is the biggest threat to the health of our economy. Housing is in the grips of the most crippling downturn since the Great Depression, consumer confidence has plunged, economic growth has slowed to a crawl and unemployment lines are growing longer. This is not the time for demagoguery or partisanship. It is the time for flexibility and compromise. It is the time for action.”