Statement from NAHB Chairman Randy Noel on Sen. Warren's Housing Bil
"NAHB commends Sen. Warren for highlighting the housing affordability crisis facing the nation and introducing legislation today that seeks to bring down costs for renters and home buyers alike. A key component of the American Housing and Economic Mobility Act would eliminate unnecessary local land use rules that drive up construction costs and harm housing affordability.
"However, funding many of the provisions within this broad-based bill by raising the estate tax could hurt many small, family-run businesses by imperiling the ability of the owners to pass on their business to future generations. NAHB looks forward to working with Sen. Warren to address this critical issue and to find practical solutions, such as reforming local zoning laws, which will promote affordable housing in the U.S."
ABOUT NAHB: The National Association of Home Builders is a Washington-based trade association representing more than 140,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction. NAHB is affiliated with 700 state and local home builders associations around the country. NAHB's builder members will construct about 80 percent of the new housing units projected for this year.