Statement from NAHB President Jerry Howard Regarding the Home Buyer Tax Credit
October 28, 2009 – Jerry Howard, president and CEO of the National Association of Home Builders (NAHB), today issued the following statement on the need for Congress to act swiftly on the home buyer tax credit:
“At a time when the housing market and economy are struggling to emerge from the worst downturn since the Great Depression, Congress needs to stop playing politics with Americans’ lives and act now to extend and expand the $8,000 first-time home buyer tax credit due to expire at the end of November.
“There is bipartisan support for this action in both chambers of Congress because lawmakers know that the tax credit has already helped to create nearly 200,000 jobs, spur home sales, slow the rate of foreclosures and stabilize home values.
“U.S. Senate leaders are poised to attach a home buyer tax credit proposal to legislation that would expand unemployment benefits. The Senate plan has bipartisan support but is being held up by political wrangling. Senators must put aside their parochial interests and stand up for the American people. Failure to act now could derail the fragile housing recovery even before it has time to take root. The consequences would be devastating for both housing and the economy.”
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