Ed Brady taking on over-regulation in Building industry
While attending the recent Democratic and Republican National Conventions, NAHB Chairman Ed Brady and Second Vice Chairman Randy Noel took every opportunity to bring housing to the forefront of conversation.
Brady attended both conventions and was joined by Noel in Cleveland at the Republican’s convention. The two enjoyed representing NAHB and discussing industry issues with countless national, state and local lawmakers, including:
- National Republican Senatorial Committee Chairman Senator Roger Wicker (R-Miss.), Speaker of the House Paul Ryan (R-Wisc.), House Majority Leader Kevin McCarthy (R-Calif.) and House Majority Whip Steve Scalise (R-La.).
- Brady was invited to Donald Trump’s suite where he discussed housing policy with Gov. Jan Brewer (R-Ariz.) and Gov. Mary Fallin (R-Okla.).
While attending the Democratic convention in Philadelphia, Brady advanced the cause of housing with several lawmakers, including:
- Charles Schumer (D-N.Y.), Sen. Joe Manchin (D-W.Va.), House Minority Leader Nancy Pelosi (D-Calif.), House Minority Whip Steny Hoyer (D-Md.) and Rep. Richard Neal (D-Mass.).
- At the invitation of the Democratic Governor Association leadership, Brady discussed NAHB’s housing priorities with Gov. Kate Brown (D-OR).
One of the more widely publicized events in which Brady participated was a real estate panel discussion hosted by The Hill, a Washington, D.C.-based politically focused news outlet. Brady was joined by Rep. French Hill (R-Ark.) and Rep. Bill Huizenga (R-Mich.), each of whom agreed that government overregulation is repressing a more robust economic recovery.
Brady said that “burdensome regulations are a huge issue” that significantly raise costs and make it difficult to provide an affordable product. He also made it clear that Congress must take action on housing finance reform.
“More private capital needs to be brought back into the marketplace,” Brady said. “We want [Congress] to once and for all answer the GSE reform questions so that there is certainty in the marketplace, that we protect the 30-year mortgage, and that there continue to be affordable rates.
“Housing helps bring the economy out of a recession, but the [right] tools are needed to do that. Congress has the responsibility and the authority to take care of the GSE reform, so we ask that they act. We know it’s difficult, and we’re ready and willing to work with them.”
A recording of the entire event can be viewed on The Hill’s website. (Note: The discussion with Brady begins at the 48:05 mark. Brady’s comments begin at the 1:02:50 mark.)