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Statement from NAHB Chairman on President Trump’s Executive Order Rescinding the FFRMS

WASHINGTON – (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 President Trump’s executive order that effectively rolls back the Federal Flood Risk Management Standard:

“NAHB commends President Trump for signing this executive order that rescinds the Federal Flood Risk Management Standard (FFRMS), an overreaching environmental rule that needlessly hurt housing affordability. The FFRMS posed unanswered regulatory questions that would force developers to halt projects and raise the cost of housing. This action by President Trump will provide much-needed regulatory relief for the housing community and help American home buyers.”

Elizabeth Thompson