Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement on the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), banking reform legislation now pending in the Senate:
“NAHB commends the Senate for working in a bipartisan manner to advance S. 2155, legislation that contains critical reform elements that would help ease tight credit conditions that are keeping more home buyers on the sidelines even as the housing recovery picks up steam. S. 2155 shows that lawmakers from both sides of the political aisle can work together on meaningful legislation that would alleviate harsh regulatory constraints on Main Street banks that have unnecessarily impeded a more robust housing and economic recovery. We urge the Senate to pass this bill soon.”
The National Association of Home Builders is a Washington-based trade association representing more than 140,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction. NAHB is affiliated with 700 state and local home builders associations around the country. NAHB’s builder members will construct about 80 percent of the new housing units projected for this year.