WASHINGTON DC – Proposed legislation that would guide federal and state banking regulators on easing the flow of acquisition, development and construction credit, intended to benefit home builders who find it increasingly difficult to assemble funds for new projects, is just what the housing industry needs, according to the National Association of Home Builders.
The association “is applauding” two congressmen who introduced the bill earlier this month, the International Business Times reported Monday (May 16, 2011). Its members are interested in building lower-priced new homes, which have been best sellers in the currently sluggish economy. Obtaining more credit more easily would allow them to move ahead, it said.
- Read a story by reporter Carla Hill, titled “Real Estate Outlook: Legislation and Interest Rates” and published Monday by the International Business Times, here.
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