The Building Industry Policy Roundtable (BIPRT) Announced

Source: Leading Builders of America
Date: April 23, 2015
Leading Builders of America, Lennox International, Masco Corporation, Owens-Corning, and Whirlpool Corporation announced the formation of The Building Industry Policy Roundtable (BIPRT), a new multi-issue coalition committed to promoting policies to advance the economic health and growth of the residential construction industry. The group, chaired by Ken Gear, CEO of Leading Builders of America, will bring together voices from across the housing landscape to provide expertise and input for lawmakers and regulators as they formulate policies that impact housing.
Categories: Industry News

Dear Mr. President and Mr. Speaker

Source: Leading Builders of America
Date: December 11, 2012
The following letter is from the undersigned CEOs from 18 member companies of Leading Builders of America who collectively build approximately 30 percent of all new homes in the United States. We write to urge you to continue your efforts to reach an agreement to avoid the fiscal cliff.
Categories: Industry News

It’s housing, stupid. More precisely, it’s housing finance.

Source: New York Times
Date: December 6, 2011
It’s housing, stupid. More precisely, it’s housing finance. As the Obama administration seeks ways to revive the economy, not to mention win an election, it is becoming clear that the biggest mistake officials made when they took office nearly three years ago was to underestimate the continuing damage to the economy from the mortgage crisis.
Categories: Industry News

It's Construction, Stupid! It's Home Building, Stupid!

By: Jerry Chautin
Source: The Huffington Post
Date: September 7, 2011
In Thursday's address to Congress, I want President Barack Obama to emphasize that fixing the home-building and construction industries is necessary to jump-start our lame economy. That is because, in my recollection, home building and construction have led us out of every recession since the 1960s, when I financed land acquisition, development and construction of tract homes. "It's the economy, stupid." That was Governor Bill Clinton's mantra in 1992, when he was vying for the presidency. His opponent, the incumbent George H. W. Bush, danced around the edges of our country's economic woes and lost the election. More recently, Clinton offered his suggestions to fix the economy. But resolving the loss of construction and home-building jobs was not front and center.
Categories: Industry News

Strange Bedfellows Back Bill Using Mortgages to Spur Energy Retrofits

Source: New York Times
Date: August 29, 2011
A Senate bill that would allow energy-saving retrofits to be factors in mortgage underwriting has quickly attracted a diverse set of enthusiastic supporters that range from the conservative U.S. Chamber of Commerce to the liberal Center for American Progress. The "Sensible Accounting to Value Energy Act," or SAVE Act, which is expected to be introduced this fall by Sen. Michael Bennet (D-Colo.), would require federal loan agencies to include projected energy costs when financing a house, essentially offering better mortgage values on properties that are more energy efficient. The U.S. Chamber says the relatively simple bill stands a chance in a tight-fisted and bitterly divided Congress. "The chamber supports energy efficiency. More importantly, we realized that with the new Congress and political dynamic, it was important to figure out policies and bills that we thought were not only good, but realistic given the fiscal constraint," said Ross Eisenberg, environment and ene

Federal housing proposal would toughen debt restrictions on mortgages

By: By Dina ElBoghdady,
Source: Washington Post
Date: June 10, 2011
Consumer borrowing is so rampant in the United States that most people who took out a mortgage last year to buy a home ended up spending more than a third of their income to pay that loan and other debts. Now, a federal proposal would target borrowers with heavy debt loads by making it tougher for them to get the cheapest mortgages. The initiative is part of a broader measure that aims to prevent another foreclosure crisis and could confront borrowers who do not meet certain conditions with higher interest rates and fees.

Last week’s confirmation that the gross domestic product grew only 1.8 percent in the first quarter came when economists were already busily revising their growth forecasts downward for the rest of this year. A double-dip recession remains unlikely, but this is the weakest recovery since the Great Depression and the first one not being led by housing. The nearly moribund housing sector is, in fact, weighing down the recovery...more

5 lessons from the homebuilders' survival

By: Shawn Tully
Source: CNN Money
Date: November 10, 2010
Amazingly, not one or two, but every one of the top ten homebuilders survived the lengthy crisis, and most boast the financial strength to grow strongly as the pace of recovery quickens.
Categories: Industry News

Read Ken Gear's testimony before the US Senate Committee on Banking, Housing and Urban Affairs Subcommittee on Housing, Transportation and Community Development.
Categories: Industry News

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