The NAHB is now urging Congress and other policymakers to take additional action to improve the housing market while boosting the economy.
"President Obama's refinancing plan offers an opportunity for continued exploration of ways to aid struggling homeowners and tackle the foreclosure crisis," NAHB Chairman Bob Nielsen, a home builder from Reno, Nevada, said. "We look forward to working with the White House and Congress to tackle this issue and continue to make progress on foreclosures that are hampering the housing market."
Nielsen also said that Congress and federal regulators need to create jobs and stabilize the housing economy by being more lenient on lines of credit given to builders who are ready to start new projects in struggling markets.
Nationwide production of new single-family homes rose 4.4 percent in December, but home builders still believe Congress can do more to help Americans afford the relocation cost involved with moving into a new home.
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