Housing industry rebound vital to long-term economic recovery

Published: August 3, 2012

As the 2012 election season heats up, presidential and congressional contenders have largely avoided any mention about housing or homeownership, even though the consensus among most economists is that there can be no long-term economic recovery until home prices stabilize and the housing industry rebounds. Not all politicians have turned a blind eye to this critical issue. Lt. Gov. Todd Lamb, chairman-elect of the National Lieutenant Governors Association, is to be commended for co-sponsoring a resolution that calls on the president and Congress to “act with a sense of urgency to address the nation's housing crisis in a meaningful and responsible manner, while avoiding any legislation or regulatory actions that will inhibit the recovery of the home building industry.”

Constructing 100 single-family homes creates more than 300 full-time jobs and adds to the federal, state and local tax revenue base. The economic benefits from this job creation are tremendous. Surveys underscore that American voters fervently believe that owning a home remains a core value and that homeownership plays a critical role in our nation's social fabric and well-being. Lamb gets it! He's been a great supporter of small business in this state. He'll do a great job leading his peers. My hope is that other leaders will listen to him. This is a message that will resonate with voters, here and across the nation.

Mike Means, Edmond

Means is executive director of the Oklahoma State Home Builders Association.

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