Jerry Konter, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Savannah, Ga., issued the following statement on President Biden’s new plan to help address the housing affordability crisis:
“We commend the White House for joining the fight to put the issue of housing affordability in the forefront of the national economic agenda after NAHB had been urging the administration to move on this vital national concern for the past several months.
“The plan contains many positive elements that would help address a host of affordability challenges and improve financing options, and acknowledges the long-term headwinds, like supply chain bottlenecks and chronic construction labor shortages, repeatedly identified by NAHB members as holding back housing production.
“We agree with the White House that the key to resolving our nation’s housing affordability challenges is to build more homes. NAHB looks forward to working with the Biden administration and Congress to provide a comprehensive long-term solution to the affordability crisis that will enable builders to construct more affordable entry-level housing, raise minority homeownership rates, and shore up the national economy.”