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While the ROAD to Housing Act represents meaningful progress, additional action will be needed to address the full scope of the nation’s housing supply and affordability challenges. NLBMDA will continue advocating for workforce-development policies that expand career and technical education, apprenticeships, and other pathways into residential construction and the broader LBM industry. By removing unnecessary regulatory barriers and improving the processes that govern housing development, the ROAD to Housing Act creates stronger conditions for increasing residential construction. Building on that progress, NLBMDA will continue advocating for workforce-development policies that ensure builders, contractors, manufacturers, and dealers have access to the skilled workers needed to construct and supply the additional homes made possible by these reforms.
Building on the supply-side reforms included in the ROAD to Housing Act, NLBMDA will also prioritize passage of the bipartisan Neighborhood Homes Investment Act. The legislation would establish a federal tax credit to support the construction and substantial rehabilitation of affordable, owner-occupied homes in distressed urban, suburban, and rural communities where development costs often exceed a home’s potential sale price. By helping close that financing gap, the bill would make otherwise infeasible housing projects economically viable and is projected to support the construction or rehabilitation of 500,000 homes over ten years.
As implementation of the ROAD to Housing Act moves forward, NLBMDA will continue working with Congress and the Administration to advance the broader priorities of the LBM industry, including policies that strengthen the residential construction workforce, support the LBM supply chain, improve transportation infrastructure, and reduce excessive credit card interchange fees, among just a few. As Congress turns to the next surface transportation reauthorization bill this year and continues to consider legislation such as the Credit Card Competition Act, NLBMDA will remain actively engaged in advancing policies that strengthen dealers, support their customers, and promote growth across the industry.
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