This site is about the overreaching political power of the NC Association of Realtors flush with money from cashing in your equity 6% at a time, leaving you to pay for growth with property taxes, year after year, with or without cash flow. In the last few years NCAR has pumped millions of dollars into NC political campaigns at the state and local level. They have spent millions more to defeat Local Options for Local Governments with misleading ads.

Friday, December 4, 2009

Big Builders Split from NAHB

According to Roll Call:

After a bitter fight with the National Association of Home Builders, a breakaway group of 16 of the industry’s largest builders has decided to form its own trade association. The new entity, called Leading Builders of America, is still in the early stages of formation.

Update: This rift had been building for some time according to the Housing Chronicles blog. It last came to a head back in March 2009 when large builders threatened to split from NAHB which they felt was not lobbying in their best interests especially with respect to tax treatment of net operating losses. This drama, which temporarily abated, was documented by the website in a series of posts in March:
When the Dust-up Settles
Won't You Please Come to Chicago?
Big Home Builders vs. NAHB Brush-up Update
Home Builder Trade Group Goes Public, or Rather, Goes at Its Public Members

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