Greg Ugalde, first vice chairman of the National Association of
Home Builders (NAHB) and a builder and developer from Torrington, Conn., attended tonight’s
State of the Union address and issued the following statement regarding President Trump’s
remarks:

“NAHB commends President Trump for highlighting the need for large-scale nationwide
investment in infrastructure that is vital to build strong communities and a thriving housing
market. Homeownership and housing are essential to a strong and prosperous nation. Yet, new
research by Freddie Mac shows that America’s home builders are constructing 370,000 fewer
units annually than needed to satisfy demand.

“The biggest impediment to this shortfall is due to the growing housing affordability crisis. The
administration and Congress must make this issue a top national priority. Policymakers can start
by taking the following steps: Eliminate unnecessary regulations that raise housing costs; enact
housing finance reform that enables creditworthy borrowers to obtain home loans; and promote
job training programs in home building to help address the severe labor shortage that is putting
upward pressure on home prices.”

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