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New Website Helps Home Owners, Buyers Protect the American Dream

WASHINGTON, May 11 - Despite the fact that Americans overwhelmingly
support homeownership, legislative and regulatory proposals now under
consideration would greatly harm home owners, home buyers, the housing
market and the nation's economy. The National Association of Home
Builders (NAHB) has launched a new website,
www.ProtectHomeownership.com, to bring attention to the threats to
homeownership and inspire the public to take action to protect it.

"American families aspire to homeownership because they know that it
promotes stability and is critical in creating wealth and providing
upward mobility and financial security for families. Equally important,
homeownership supports the economy by creating jobs," said NAHB Chairman
Barry Rutenberg, a home builder from Gainesville, Fla. "Government
policies that negatively impact families' ability to own a home would be
devastating for home owners, the housing market and the nation's
economy."

Tax, legislative and regulatory policies currently under consideration
would scale back or eliminate the mortgage interest deduction and make
mortgages and small business loans unaffordable and even more difficult
to obtain. ProtectHomesownership.com explains some of these threats and
documents homeownership's importance to individual households and to
local, state and national economies through an FAQ, poll data, economic
analysis and reports.

The site also provides multiple ways for the public to take positive
action to protect this very important aspect of American life. These
include an online petition urging policymakers to keep housing a
national priority, information about how to participate in homeownership
rallies that are being held in a number of communities in 2012, and
links to social media communities on Facebook.com/ProtectHomeownership
and Twitter.com/4Homeownership.

"New home construction spurs productivity, creates jobs for millions of
Americans and generates revenues for all levels of government," said
Rutenberg. "This website will help educate the public about the imminent
threats to the American Dream of homeownership and empower them to make
sure their voices are heard."
 
ABOUT NAHB: The National Association of Home Builders is a
Washington-based trade association representing more than 140,000
members involved in remodeling, home building, 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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1201 15th Street NW, Washington, DC, 20005
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