Further government intervention needed for U.S. housing recovery, state lawmakers say

July 24th, 2012

State lawmakers stressed that the federal government needs to take further action to help recovery.

The National Association of Home Builders recently put its support behind the National Lieutenant Governors Association for telling Congress that further action is necessary to help improve the housing market's recovery and fuel overall economic improvement.

The NLGA explained that both the Executive and Legislative branches of the federal government must develop a more concrete way of solving housing issues, as the market needs a significant boost. However, it is necessary for the moves to be responsible and also avoid other legislation that can hurt recovery over-regulation, which can hurt the availability of mortgage financing.

"There is pent up demand for homes in many parts of the country and America's home builders stand ready to do their part," said Barry Rutenberg, chairman of NAHB. "However a full-fledged housing and economic recovery will not take hold until Washington policymakers recognize that housing and homeownership must remain a national priority."

An improved effort from the federal government may help the housing market continue its recovery, which could have a significant effect on a transferee's ability to find a property that fits them near their new destination. Those looking for a way to make this process more streamlined could benefit by addressing their concerns with a mortgage consultant.