The National Association of Home Builders agrees with President Obama that "the most important investment many families make is their home." Homeownership is an important part of the American Dream, but too many creditworthy borrowers are still unable to purchase a home of their own, said association chairman Rick Judson in a statement issued Tuesday night following Obama's State of the Union address.
"Tonight, the President called on Congress to send him legislation that will avoid another housing crisis and 'keeps the dream of homeownership alive for future generations,' Judson said. "NAHB looks forward to working with the Administration and members of Congress in a bipartisan spirit to enact meaningful housing finance reform that will ensure a consistent flow of credit for qualified home buyers and offer affordable rental housing opportunities. Such a plan must provide proper federal support that will protect 30-year mortgages, limit taxpayer exposure, encourage increased participation from the private sector, and ensure liquidity and stability for homeownership and rental housing."
