Builders Finding Strong Home Buyer Interest in Tax Credit

In the early weeks following enactment of a $7,500 tax credit for first-time home buyers, builders and home builders associations across the country have been moving quickly to promote the new financial benefit and spur sales in their local markets.

Centex, whose business specializes in first-time home buyers, reported encouraging results from a survey of 25- to 65-year-olds who had not owned a home in the past three years. Seventy-five percent of those responding said they thought that the home-buyer tax assistance effort was a good idea, and more than half said they were likely to buy a home with the availability of the credit. ...

Strategic Home Buyers Can Use Tax Credit for a Downpayment

First-time home buyers can accelerate the receipt of the $7,500 from their tax credit and even apply it toward a downpayment, according to NAHB tax analyst Robert Dietz.

NAHB’s Web site explaining the tax credit — www.federalhousingtaxcredit.com — has been inundated by home builders and prospective buyers seeking information on the new benefit. ...

Non-NAHB Groups Contacting Members, Causing Confusion

NAHB members and home builders associations across the country have been contacted by organizations with misleading names or otherwise causing confusion about who they are.

If you have received correspondence from or been contacted by the “National Home Builders” or the “National Directory of Home Builders,” recognize that these organizations have no relationship with NAHB and are not part of, connected with or related to NAHB in any way.

Any and all correspondence from NAHB will always include the full name “National Association of Home Builders” and/or the genuine NAHB logo. 

For questions or concerns about any correspondence or contacts you may have received, e-mail William Deiss at NAHB, or call him at 800-368-5242 x8231.