This year marked the first time in its 74-year history that NAHB endorsed candidates for the U.S. Senate and the U.S. House of Representatives. Of the 137 congressional candidates that NAHB endorsed, 129 – or 94% – won their races on Nov. 8.
NAHB endorsed those candidates who have shown a commitment to policies that promote homeownership and rental housing opportunities for all Americans. NAHB made all of its endorsement decisions in concert with the state and local associations of the lawmakers under consideration.
“We took the unprecedented step to endorse candidates because Congress has failed to adequately address the nation’s housing problem,” said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill. “Our success is a clear indicator of the importance of housing and our industry’s role in the nation’s economic future.”
NAHB will be urging members of the new 115th Congress to reform and streamline the regulatory process, protect the mortgage interest deduction and expand the Low Income Housing Tax Credit to spur the production of badly-needed affordable housing. NAHB is also urging the next Congress to enact comprehensive housing finance reform that maintains a federal backstop in times of crisis and safeguards the 30-year mortgage.
Learn more about the impact of the elections on housing.