Home Builder’s Send Message to Congress

March 2, 2008

The National Association of Home Builders announced Tuesday that its political action committee has decided to stop making contributions to candidates for Congress “until further notice.”

The association said it was taking the action because lawmakers and the Bush administration, "have not adequately addressed the underlying economic issues that would help to stabilize the housing sector and keep the economy moving forward," the trade group’s president, Brian Catalde said in a statement. "More needs to be done to jump-start housing and ensure the economy does not fall into a recession."

Since 1990, the trade group has contributed nearly $20 million to federal candidates — 35 percent which has gone to Democrats and 65 percent to Republicans, according to the Center for Responsive Politics.

Source: The Associated Press

Posted in Real Estate, Things of Interest