Touting Housing's Role in the Economy.

Bobby shared the stage with Treasury Secretary John Snow and Housing Secretary Alphonso Jackson last week at an event designed to promote the Administration's ongoing economic recovery plan.

Appearing at a new-home development called The Verandas at the Peaks in Las Vegas June 18, Bobby predicted that the ongoing economic recovery and job growth will ensure continued strong demand for new housing into the future. We credited Secretary Snow as one of the prime architects of the President's recovery plan, and thanked him for his efforts to promote the NAHB-supported Homeownership Tax Credit in the current Congress. This credit would stimulate construction of 50,000 new or rehabilitated homes each year and create 120,000 new jobes annually. We also applauded HUD Secretary Alphonso Jackson for his tireless efforts to promote the FHA Zero Downpayment Mortgage Insurance Program, an effort that would help an estimated 140,000 families become first-time home buyers. Many thanks go to Astoria Homes CEO Joel Laub for hosting this special event that highlighted housing's importance on the national agenda.