Tight Credit Conditions Top Agenda at White House Meeting

Filed in Housing Finance by on October 14, 2014 0 Comments

HousingFinanceTight credit conditions for home buyers and home builders that is hampering the housing and economic recovery were at the top of the agenda as NAHB Senior Officers met with the National Economic Council (NEC) today at the White House. The NEC advises the President on domestic and global economic policy.

Discussions focused on the current environment regarding single-family and multifamily issues, including credit availability regarding acquisition, development and construction loans for builders and home loans for consumers. Other topics included the housing market recovery, housing’s key role in the economy and the need to enact comprehensive housing finance reform to provide the certainty necessary for the proper functioning of the U.S. housing market.

NAHB Chairman Kevin Kelly, Chairman-elect Tom Woods, Second Vice Chairman Ed Brady and CEO Jerry Howard attended the meeting.

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