HomeLatest NewsFeatured HomebuildersHome Buyer ResourcesBinding ArbitrationResource LinksSubmit ComplaintsView ComplaintsTake Action 101!Report Mortgage FraudMortgage Fraud NewsForeclosure NewsConstruction DefectsHome DefectsPhoto GalleryFoundation ProblemsHomeowner Website LinksHOA Reform
Main Menu
Home
Latest News
Featured Homebuilders
Home Buyer Resources
Binding Arbitration
Resource Links
Submit Complaints
View Complaints
Take Action 101!
Report Mortgage Fraud
Mortgage Fraud News
Foreclosure News
Construction Defects
Home Defects
Photo Gallery
Foundation Problems
Homeowner Website Links
HOA Reform
Featured Topics
Builder Death Spiral
Report Mortgage Fraud
Foreclosure Special Report
Mold & New Home Guide
Special News Reports
Centex & Habitability
How Fast Can They Build Them?
TRCC Editorial
Texas TRCC Scandal
Texas Watch - Tell Lawmakers
TRCC Recommendations
Sandra Bullock
People's Lawyer
Prevent Nightmare Homes
Choice Homes
Smart Money
Weekly Update Message
HOBB Archives
About HOBB
Contact Us
Fair Use Notice
Legislative Work
Your House

 HOBB News Alerts
and Updates

Click Here to Subscribe

Support HOBB - Become a Sustaining Member
Who's Online
ABC Special Report
Investigation: New Home Heartbreak
Trump - NAHB Homebuilders Shoddy Construction and Forced Arbitration

Organizing your community to bring public attention to builder’s bad deeds and seeking assistance from local, state and federal elected officials has proven to be more effective and much quicker for thousands of families. You do have choices and alternatives.  Janet Ahmad

Builders Lobby: The industry that triggered the recession lobby for billions
Tuesday, 09 December 2008

Homebuilders lobby Congress for billions
The nation’s home builders, tired of being left off the economic bailout train, launched a lobbying campaign on Monday to push for $200 billion in housing assistance in a stimulus bill that is likely to be a top priority when the new Congress convenes in January.  Why, homebuilders argue, should the industry that triggered the recession not get some government assistance to help right the faltering economy? ...The association has teamed with other housing-related industries to form the Fix Housing First Coalition.

Homebuilders lobby Congress for billions
By  12/8/08

The nation’s home builders, tired of being left off the economic bailout train, launched a lobbying campaign on Monday to push for $200 billion in housing assistance in a stimulus bill that is likely to be a top priority when the new Congress convenes in January.

Why, homebuilders argue, should the industry that triggered the recession not get some government assistance to help right the faltering economy?

“Housing has led the country into and out of every recession since World War II, yet no one is pointing to how we can lead them out,” said Jerry Howard, chief executive officer of the National Association of Home Builders. “Everyone’s pinning the blame on how we got them into it, but nobody’s helping figure out how we lead them out,”

The association has teamed with other housing-related industries to form the Fix Housing First Coalition. With Congress back in town this week to consider a bailout for the Big Three automakers, the housing industry thought it was a good time to remind lawmakers that they still haven’t addressed the cause of the recession.

“The root cause of all of those problems is housing and the challenge is to get folks to focus on the underlying problem and not on the symptoms,” said Ken Gear, a lobbyist with home builder Pulte Homes, one of the coalition’s founding companies.

On Monday, the coalition launched a weeklong inside-the-Beltway print advertising campaign and next week will begin airing radio ads in states and congressional districts with lawmakers who sit on key economic committees, Howard said. The group would not disclose the cost of its advertising efforts.

The group is also working to win local media coverage of struggling business owners, the local drywall subcontractor who lost his business and is facing foreclosure, for instance.

Also on the local level, the coalition is asking its membership to call or e-mail their lawmakers to push for housing relief.

Because this is the first such grassroots push, officials did not know how many contacts they might generate. But this summer, during debate over reforming Fannie Mae and Freddie Mac, the home builders association generated 10,000 phone calls in two days, Howard said.

Come January, the coalition plans to fly in housing workers to Washington to press their case and plans a more aggressive national media campaign, Howard said.

The coalition is asking Congress to support measures almost identical to ones it passed during the 1974-75 recession – a buydown of mortgage interest rates and tax credits for home buyers.

The $200-billion plan would provide home buyers with a credit worth up to $20,000 and would drop mortgage interest rates to as low as 3 and 4 percent next year. The plan is aimed at coaxing scared homebuyers back into the market.

While there has been much talk about stemming foreclosures and keeping people in their homes, Howard said lawmakers also need to focus on increasing housing demand.

“The bottom line is that until you stabilize house values, which means limiting supply and stimulating demand, you cannot stop the declines in the financial sector. You can’t stop the declines in the manufacturing sectors,” Howard said. “And when you have three sectors in the tank, you can’t stop worldwide recession.”
http://www.politico.com/news/stories/1208/16324.html

 
< Prev   Next >
Search HOBB.org

Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon


Amazon
Barnes & Noble

 Feature
Rise and Fall of Predatory Lending and Housing

NY Times: Building Flawed American Dreams 
Read CATO Institute: 
HUD Scandals

Listen to NPR:
Reckless Endangerman
by
Gretchen Morgenson : How 'Reckless' Greed Contributed
to Financial Crisis - Fannie Mae

NPR Special Report
Part I Listen Now
Perry Home - No Warranty 
Part II Listen Now
Texas Favors Builders

Washington Post
The housing bubble, in four chapters
BusinessWeek Special Reports
Bonfire of the Builders
Homebuilders helped fuel the housing crisis
Housing: That Sinking Feeling

Consumer Affairs Builder Complaints

 TRCC Implosion
 TRCC Shut Down
 Sunset Report

IS YOUR STATE NEXT?
As Goes Texas So Goes the Nation
Knowledge and Financial Responsibility are still Optional for Texas Home Builders

OUTSTANDING FOX4 REPORT
TRCC from Bad to Worse
Case of the Crooked House

TRCC AN ARRESTING EXPERIENCE
The Pat and Bob Egert Building & TRCC Experience 

Build it right the first time
An interview with Janet Ahmad

Bad Binding Arbitration Experience?
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
or call 1-210-402-6800

Homebuilding Texas Style
And the walls came
tumblin' down

Pulte Homeowner Survey
Warranty & Mortgage Experience
 Click to participate

top of page

© 2022 HomeOwners for Better Building
Joomla! is Free Software released under the GNU/GPL License.