National Lieutenant Governors Association Recognizes Importance of Housing in Economic Recovery

Advocacy
Published

The National Lieutenant Governors Association issued a resolution recognizing that policymakers can help foster a housing-led economic recovery during its 2020 virtual annual meeting on July 29-30.

The resolution was co-sponsored by Lieutenant Govs. Mike Cooney (D-Mont.) and Matt Pinnell (R-Okla.).

"The construction of housing, whether rental properties or new homes, is vital to economic stability as our nation looks to rebuild from COVID-19," said Pinell. "The housing industry is a job creator, GDP grower, and overall vital part of our economic portfolio."

“Montanans and families across the country need an affordable place to call home now more than ever,” said Cooney. “Home builders are critical to responding to the ongoing affordable housing crisis that’s been made worse by the COVID-19 pandemic. I join lieutenant governors across the country in working toward policies that create more jobs and more affordable, quality homes, and recognize that building more affordable housing builds stronger communities.”

The resolution stated that the nation faces a shortfall of more than 1 million homes to affordably house residents and that home builders across the nation have moved swiftly to adopt new safety and health standard in the wake of the COVID-19 pandemic so they can remain safely on the job and provide much-needed housing.

Per the resolution:

"The National Lieutenant Governors Association affirms that home construction must continue to be an integral aspect of the nation’s economic recovery.

"Be it further resolved that the National Lieutenant Governors Association recommends that as the nation continues to recover from the coronavirus-induced shutdown, state and local elected officials should support the housing sector by acting in a swift and responsible manner to approve permit applications, inspections, and closings to prevent unnecessary bottlenecks in the home building process.

"Be it further resolved that the National Lieutenant Governors Association believes that it is imperative local building departments receive proper funding so that builders and home buyers do not experience delays and increased fees that could worsen the current housing shortage and exacerbate the housing affordability crisis."

The full resolution can be viewed here.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

IBS | Leading Suppliers Council | Design

Jun 20, 2025

The New American Home 2026: Innovation Meets Impact

The New American Home 2026, the official show home of the 2026 NAHB International Builders’ Show® in Orlando, is already drawing industry buzz for its distinctive design and rare structural features.

Remodeling | Publications

Jun 19, 2025

Award-Winning Advice: Surround Yourself With Good People

In the latest edition of Pro Remodeler, 2024 Remodeler of the Year Mike Pressgrove shares advice from his career.

View all

Latest Economic News

Economics

Jun 20, 2025

Single-family Construction Loan Volume Grows

Credit conditions for builders and developers eased in the first quarter of 2025 as the level of outstanding 1-4 family residential construction loans rose for the first time in two years, according to data released by FDIC.

Economics

Jun 18, 2025

The Fed Pause Continues

Reflecting most forecasters’ expectations for the June FOMC meeting, the Federal Reserve continued its post-2024 pause for federal funds rate cuts, retaining a target rate of 4.5% to 4.25%.

Economics

Jun 18, 2025

Sharp Drop in Multifamily Production Brings Overall Housing Starts Down

A sharp decline in multifamily production pushed overall housing starts down in May, while single-family output was essentially flat due to economic and tariff uncertainty along with elevated interest rates.