Political Quotes

“I rise today in support in H. Res. 658, which recognizes National Homeownership Month and the importance of homeownership in the United States. Offered by my colleague and friend from California, Mr. Gary Miller, this resolution is a testament to the benefits of a strong and robust housing market in this country. A home is more than just the symbol of the American Dream; it is the backbone of the American way of life. Over the past three years, the housing market has driven the national economy, as Americans bought and refinanced homes in record numbers. Many regions were spared the worst of the recent recession due to the strength of some local housing markets. Today, the housing sector directly accounts for about 14 percent of the country's total Gross Domestic Product. Building a home involves multiple segments of our economy, including builders, bankers, mortgage lenders, realtors, and numerous others. For every 1,000 single-family homes built, we see 2,500 jobs created, $75 million in wages earned, and $37 million in tax revenues generated. June is National Homeownership Month and so many of our partners celebrate this because in America, every citizen--regardless of race, creed, color, or place of birth--has the opportunity to own a home of their own. And, new homeowners can create wealth for their families for generations to come, while also helping transform neighborhoods and communities. Right now 68 percent of all families own homes.”