NAHB Applauds Confirmation of Rep. Mel Watt as new FHFA Director

Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Charlotte, N.C., issued the following statement on the confirmation of Rep. Mel Watt as the new director of the Federal Housing Finance Agency (FHFA):

“The National Association of Home Builders applauds the Senate confirmation of Rep. Mel Watt as the new director of the Federal Housing Finance Agency. His nearly two decades of experience working on housing issues as a member of the House Financial Services Committee makes him the right man for the job during this critical period as Congress debates changes to overhaul the U.S. housing finance system. NAHB looks forward to working with Rep. Watt in his new role as FHFA director to help revamp Fannie Mae and Freddie Mac and to create a U.S. housing finance system that ensures liquidity and stability for homeownership and rental housing.”