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Statement from NAHB Chairman Bob Nielsen on President Obama's Housing Plan

WASHINGTON, Feb. 1 - Bob Nielsen, chairman of the National Association
of Home Builders (NAHB) and a home builder from Reno, Nev., today issued
the following statement regarding President Obama's proposals to seek
refinancing aid for home owners and mend the housing market:

"The nation's home builders commend President Obama for highlighting the
vital role that housing plays in the U.S. economy, for recognizing the
high value that Americans place on homeownership and for focusing on how
to address the nation's housing problems. Clearly, more decisive actions
are needed to increase refinancing opportunities, to reduce the
inventory of foreclosed homes and to prevent additional homes from going
into foreclosure. NAHB looks forward to working with the Administration
and Congress to find constructive solutions in these areas as soon as
possible. 

"To create jobs and further stabilize housing and the economy, NAHB is
also urging policymakers to end excessively tight lending standards that
are preventing qualified borrowers from obtaining a mortgage and home
builders from getting construction loans to build viable projects in
communities that want and need them." 


ABOUT NAHB: 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 800 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. 

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