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Stimulating Housing Demand Key to Reviving U.S. Economy
As Congress continued to move rapidly toward completion of landmark legislation to stimulate the sputtering U.S. economy, leading national economists cautioned that the package is unlikely to succeed without provisions to restore home buying demand and address housing problems that are the root cause of the worst recession since the Great Depression.
With the Senate expected to vote on its version of the stimulus bill the middle of this week, NAHB has been coordinating a major grassroots push across the country to alert lawmakers on Capitol Hill that reviving housing demand through a beefed-up tax credit for home buyers is essential to restoring the confidence among consumers and in the financial markets needed to revive economic growth.
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