Jerry Howard, chief executive officer of the National Association of Homebuilders, says he wants to know when President Barack Obama and Republican challenger Mitt Romney are going to outline plans for reviving the U.S. residential property market.
He’s not the only one. So far, discussions about housing by Obama and Romney on the campaign trail have been limited and vague, which makes the two politicians sound like they support most of the same ideas.
[...]While the housing market is showing signs of recovery, the improvement is still meager compared to the damage. New home sales are still 50 percent below the average rate over the past 40 years. Almost 11 million families are “underwater” — saddled with more debt than their homes are worth after five years of declining home prices.
After nearly four years in the White House, Obama is facing criticism that his relief programs for borrowers have lacked broad and aggressive measures and have reached fewer families than intended.