NAHB opposes proposed Inflation Reduction Act

By BUILDER


Jerry Konter, chairman of the NAHB and a home builder and developer in Savannah, Georgia, issued a statement in opposition of the Inflation Reduction Act. Konter said the legislation, proposed by Sens. Chuck Schumer and Joe Manchin, fails “to ease any inflationary pressures on housing” and includes several provisions that “will exacerbate the nation’s housing affordability crisis.”

According to the bill’s summary, the Inflation Reduction Act of 2022 “will make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40% by 2030.” The bill also calls for permitting reform legislation to be passed by the end of the fiscal year.

“Housing costs account for 40% of the Consumer Price Index, and with home prices and rents rising faster than inflation, Americans are being squeezed hard,” Konter said in his statement. “And while this bill would do little to wring inflation out of the overall economy, it contains several changes to the taxation of real estate and new building and energy code requirements that will raise housing costs for millions of consumers while doing very little to provide meaningful energy savings.”

READ ON:

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories

How manufacturing in Pinal County is gaining momentum

By Kyle Backer | AZ Big Media Pinal County, Arizona’s third largest by population, has experienced a manufacturing renaissance in recent years. Located between the state’s two biggest cities, the municipalities in Pinal County have become prime targets for businesses looking to locate in the Grand Canyon State — especially manufacturers.  “Pinal County is the fastest growing area in the state for jobs and people,” explains Sandra Watson, president and CEO of the Arizona Commerce Authority (ACA). “From July 2020 to July 2021, Pinal County added just shy of 20,000 residents, which is nearly 5% growth. And with some of the most recent announcements, we’ve added 3,500 people that are now newly employed in the manufacturing sector in Pinal County, and there are

Read More »
August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031