The National Association of Home Builders (NAHB) directly responded to President Trump’s recent tweet on low-income housing by setting up a meeting with the White House. The aforementioned tweet stated that suburban residents would “no longer be bothered” by low-income housing in their neighborhoods. As an association that supports the intent of the Affirmatively Furthering Fair Housing rule—though admitting the ruling has its flaws—NAHB quickly released a statement regarding their stance on supporting more affordable housing. Chairman Chuck Fowke called Trump’s comment an uncalled for line of attack, and a phone call with HUD Secretary Ben Carson was scheduled. Read more to see what NAHB had to say.
NAHB Chairman Chuck Fowke made this perfectly clear when he issued a statement to members that said: “NAHB has taken a strong stand that it supports the intent of Affirmatively Furthering Fair Housing while acknowledging that the rule has had serious problems in implementation at the state and local level. Unfortunately, when the president decided to repeal the rule, he took a line of attack that was uncalled for. NAHB supports the creation of affordable housing wherever it’s needed, including suburban areas.”
Unlike other groups that resorted to simply throwing out empty statements, hollow condemnations and then lauded themselves for their stance, NAHB moved into action by reaching out to the White House and succeeded in getting the administration to agree to a meeting.
Related Stories
Affordability
Consumer Confidence Dropped to 16-Month Low in June
Fast-rising inflation is putted increased financial pressure on Americans who are struggling to afford everything from gas to monthly mortgage payments
Financials
What's Driving the Recent Spike in Mortgage Rates?
The housing market appears to be cooling down in the wake of surging mortgage rates, but the Fed isn't backing off anytime soon
Market Data + Trends
Two Years After a Costly Pandemic, the Housing Market Is on the Cusp of Big Change
The current state of the nation's housing market may feel a bit unnerving to priced out buyers, but a recent report from Harvard's Joint Center for Housing Studies also outlines a few key silver linings