The National Association of Home Builders today commended President Barack Obama as he proposed a new initiative to create jobs and make today’s homes more energy efficient. In a speech Tuesday morning at a Home Depot in the suburban Washington, D.C. area, the president called on Congress to extend energy-efficiency tax credits for home owners as part of an $8 billion effort to reduce energy use. “This is the kind of thinking that is going to get America back to work – and make a big difference in many home owners’ monthly utility bills,” said NAHB Chairman Joe Robson. NAHB estimates that 11,000 jobs, $527 million in wages and salaries, and $300 million in business income are generated by every $1 billion in new remodeling and home improvement activity. “That’s a huge impact just in the short run. And in the long run, the energy savings for participating home owners can be quite significant,” Robson said. [Read this article]
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