This post was updated on Oct. 9.
President Trump announced on Oct. 6 that he is calling off coronavirus stimulus negotiations with Democrats until after the November election.
NAHB believes both sides must resume talks immediately, and Chairman Chuck Fowke issued the following statement following Trump's announcement:
"The White House and congressional Republican and Democratic leaders need to put politics and posturing aside and think about the American people. It's time for all sides to get back to the negotiating table and to quickly hammer out a coronavirus stimulus package that will provide economic relief to American home owners, renters and small businesses."
The White House subsequently appeared to change course. On Oct. 9, Trump tweeted: "Covid Relief Negotiations are moving on. Go Big!"
Treasury Secretary Steve Mnuchin made a $1.8 trillion offer to House Speaker Nancy Pelosi, who is insisting on a $2.2 trillion package. Mnuchin's latest offer is an increase from the White House's previous offer of $1.6 trillion. It is still unclear whether the two sides will reach an agreement.