NAHB Urges Congress to Enact Policies to Help Builders Boost Housing Production
NAHB CEO Jerry Howard testified during a hearing of the House Ways and Means Subcommittee on Oversight on the topic of expanding housing access to all Americans.
Jerry Howard, CEO of the National Association of Home Builders (NAHB), recently testified before Congress and called on lawmakers to enact key policy proposals that will help home builders expand the housing supply, reduce the housing deficit, and improve housing affordability for all Americans. During a hearing before the House Ways and Means Subcommittee on Oversight on the topic of expanding housing access to all Americans, Howard noted that rising home prices, apartment rents, and construction costs represent additional risks to housing affordability for prospective home buyers and renters.
“Over the past decade, the residential construction industry has underbuilt and not kept pace with demand due to several supply-side constraints,” Howard said. “These include a lack of skilled labor and buildable lots, tight lending conditions, shortages and rapidly rising prices for building materials, and excessive regulatory burdens that have added approximately 25 percent to the cost of a single-family home and 33 percent to a multifamily unit. Progress must be made on all fronts to ease the supply-side challenges that are holding back housing production.”