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| Current News | News Archive | Search News |
Home Builders CEO survives policy dispute |
| by Jim Snyder - 03/17/2009 |
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"Jerry Howard remains president and CEO of the National Association of Home Builders (NAHB) after a meeting Monday between the trade group’s leaders and a group of CEOs of large builders who were unhappy with a position Howard took on a tax issue.
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Posted: 03/17/09 10:51 AM [ET]
Jerry Howard remains president and CEO of the National Association of Home Builders (NAHB) after a meeting Monday between the trade group’s leaders and a group of CEOs of large builders who were unhappy with a position Howard took on a tax issue.
A joint statement issued Tuesday morning by the leaders of the NAHB and the High Production Home Builders Council (HPHBC), which consists of large home builders but is a part of NAHB, provided few details of the meeting in Chicago on Monday to discuss the dispute. An NAHB spokeswoman refused to elaborate.
“At our meeting, we had constructive dialogue about the framework needed for working cooperatively on issues critical to the industry. We face many issues in common and now more than ever, it is important for all homebuilders to be united,” NAHB Chairman Joe Robson, a Tulsa, Okla., developer, and HPHBC Chairman Tim Eller, the chairman of Centex Corp., said in a statement.
“We agreed to have additional discussions in the near future and build on our many mutual interests in an effort to strengthen our industry. In addition, Jerry Howard continues as president and CEO of NAHB.”
Large homebuilders were apparently angered by a letter Howard wrote to Congress as lawmakers put together the economic stimulus package. A provision favored by the big builders would have lengthened to five years the period in which companies could “carry back” current losses to past profits.
Small builders were given the five-year carry-back, but large builders were limited to only two years. Howard had written a letter to House Speaker Nancy Pelosi (D-Calif.) to request additional safeguards be added to the language to prevent some big builders from taking advantage of the break to dump land at discount prices to generate a tax loss.
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| More Details: http://thehill.com/leading-the-news/home-builders-ceo-survives-policy-dispute-2009-03-17.html |
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