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Statement from NAHB Chairman Bob Nielsen on Debt Ceiling Agreement

WASHINGTON, D.C. – August 2, 2011 – (RealEstateRama) — Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev., issued the following statement regarding the proposed debt ceiling agreement announced by President Obama and congressional leaders:

“The National Association of Home Builders appreciates the hard work by the White House and Republican and Democratic congressional leaders to craft a bipartisan compromise to resolve the debt ceiling crisis. We urge Congress to move quickly to pass this agreement. It will help to put our nation’s fiscal house in order and provide greater certainty to the business community so they can start hiring again and get our economy on firmer footing.

“The nation’s home builders stand ready to do their part to aid in the economic recovery. Building 100 single-family homes generates more than 300 jobs, $14.5 million in salaries and wages, and $8.9 million in federal, state and local tax revenue. As the economy continues to mend, restoring the health of the housing industry is essential to putting America back to work.”