NAHB Calls on Administration to Protect Consumers Against Price Gouging as Communities Rebuild

WASHINGTON, D.C. – (RealEstateRama) — Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, issued the following statement on the need for fairly priced building materials as the people of Texas and Louisiana look to rebuild their communities following the devastation of Hurricane Harvey.

“A reliable supply of reasonably priced construction materials will be essential to getting people back into their homes in the areas affected by Hurricane Harvey and to maintaining housing affordability nationwide. That’s why the National Association of Home Builders today is urging U.S. Attorney General Jeff Sessions to closely monitor the effects of the catastrophe on the cost of essential building materials, particularly lumber, and to act swiftly and decisively to prevent exploitative pricing.

“The need for extensive rebuilding and repair in the areas affected by Hurricane Harvey is likely to affect the supply of building materials in markets around the country.

“We urge consumers nationwide to be aware of the potential for price gouging and to contact the U.S. Attorney General’s office if they believe that prices of building materials are being manipulated unfairly in their market.”

CONTACTS
Elizabeth Thompson
202-266-8495

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NAHB

NAHB (National Association of Home Builders) is a trade association that helps promote the policies that make housing a national priority. Since 1942, NAHB has been serving its members, the housing industry, and the public at large.

Contact:

Ann Marie Moriarty
202-266-8350

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