To say that the tax plans proposed separately by Republican senators and representatives were contentious would be an understatement. When both bills came out, many real estate industry organizations found them problematic, especially the National Association of Homebuilders. However, the NAHB just changed its tune after seeing the most recent iteration of the bill, which just came out of bicameral conference.
“After significant improvements made during the legislative process, and due to the robust engagement efforts of NAHB and its membership, NAHB supports this final tax bill,” the organization said in a statement. “We believe it will help middle-class families, maintain the nation’s commitment to affordable housing and ensure that small businesses are treated fairly relative to large corporations. Lower tax rates and a fair tax code will spur economic growth and increase competitiveness, and that is good for housing.”