Housing Economics - 12/16/2010 (Plain Text Version)

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In this issue:
HOUSING STARTS RISE 3.9 PERCENT IN NOVEMBER
Housing Market Statistics
Structure of the Home Building Industry
Builders Launch Website to Defend Mortgage Interest Deduction

Builders Launch Website to Defend Mortgage Interest Deduction

The National Association of Home Builders (NAHB) has launched a newly-designed consumer-oriented website, www.SaveMyMortgageInterestDeduction.com, to provide up-to-date information on the threat to the mortgage interest deduction.

“Americans overwhelmingly oppose any action by Congress to tamper with the mortgage interest deduction, but it could be eliminated or scaled back as Congress and the Administration are looking at tax increases in light of deficit concerns,” said NAHB President Bob Jones, a home builder from Bloomfield Hills, Mich. “The consequences would be devastating for home owners, the housing market and the nation’s economy.”

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