PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


Homebuilders Seek to Extend Buyer Tax Credit

Tuesday, August 25, 2009

Comment | More

The National Association of Home Builders is urging its 200,000 members to pressure their lawmakers to extend the $8,000 tax credit for first-time homebuyers.

 “If Congress acts to extend the tax credit program, it would spur 383,000 additional home sales, including 80,000 housing starts, creating nearly 350,000 jobs over the coming year,” said NAHB Chairman Joe Robson. “That’s good for the economy and good for America.”

Although there have been some signs of economic stabilization in recent weeks, the unemployment rate is still climbing, NAHB notes.

 “At best, it looks like a jobless recovery once it gets underway,” said Robson. “This is why Congress needs to take bold, meaningful action now.”

The NAHB Executive Board voted Aug. 4 to launch a major grassroots campaign to focus congressional attention on housing “in order to ensure that the first flickering of recovery in the housing market and economy aren’t extinguished,” the organization said

In addition to extending the tax credit, which is set to expire on Dec. 1, Robson said home builders will be meeting with their lawmakers in their home districts within the next few weeks and urging them to:

• Change the appraisal process. NAHB says distressed and foreclosed sales are being inappropriately factored into comps in determining home values, hurting both home values and home sales. A recent NAHB survey of more than 500 builders found that one out of every four new-home sales are lost because appraisals are coming in below the contract sales price.

NAHB is urging Congress to work with housing and federal regulators to adopt and enforce clear, concise regulatory guidance that will allow appraisers to develop realistic valuations based on sales that are truly comparable.

• Improve housing credit conditions. NAHB wants Congress to urge regulators and the banking industry “to end the stranglehold on” acquisition, development and construction (AD&C) loans.

More on NAHB’s “Revive Housing, Restore America” effort is available at www.nahb.org/revivehousingnow.

   

Tagged categories: Home builders; National Association of Home Builders; Residential

Comment Join the Conversation:

Sign in to our community to add your comments.

Industrial Vacuum Equipment Corp.
Hurricane Vacuums
& Dust Collectors

Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com


Atlantic Design, Inc.
POWER ON WITH ADI!

The most air flow possible… In the smallest package imaginable… For a price you won’t believe! 866.Call.ADI


Axxiom Manufacturing
Schmidt Improves
Portable Blasters

Schmidt's VBS System reduces blowdown intensity, prevents exhaust from damaging floor while using no screens or filters. Reduces sound; Increasing safety.
Call 1-800-231-2085


Julbert, Inc.
XH Duty Dust Collectors

“More Suck For The Buck” Suction at 15” Static Pressure at Rated CFM Volume. Built Tough! Priced Right! Tel: 208-437-2100 Customerservice@julbertinc.com


KTA-Tator, Inc. - Corporate Office
KTA-Tator EH&S Services

• Ambient & Worker Exposure Air Monitoring
• Safety & Health Program Development
• Lead Paint Assessments
& Specifications
• Health Hazard & Jobsite Safety Assessments
Call 1-800-245-6379


SAFE Systems, Inc.
Custom blast rooms
by SAFE Systems

Don't waste time and money "making do" with a "standard" design. Let us work with you to design and build the
system that best fits
your requirements.
Call 1-800-634-7278


Blastox/The TDJ Group, Inc.
Blastox - One Step
Lead Abatement

Don't waste $$ on added labor steps with other methods. Don't mix, meter or apply at the job-site. Avoid strict hazardous waste rules.
Let your painters paint!


Minerals Research & Recovery

HIGH PERFORMANCE ABRASIVES


“Made in the USA!”

Why recycle waste from other countries? Go FASTER, CLEANER, at 1/3 THE COST with MR&R “All-American” Sharpshot®HP!!

WATCH THE VIDEO

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com