Home Builders Applaud Bill to Restore Flow of Credit to Housing, Spur Job Growth

In a major step forward to spur job and economic growth and keep the housing recovery on track, Reps. Gary Miller (R-Calif.) and Carolyn McCarthy (D-N.Y.) today introduced bipartisan legislation that would help provide home builders access to credit for viable home building projects.

"We commend Reps. Miller and McCarthy for acting to remove a major impediment to the housing recovery by promoting legislation that will enable home builders to obtain construction loans in order to put construction crews back to work and to meet rising demand across much of the nation for new homes," said Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder from Charlotte, N.C.