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Leading Builders of America Comment on Debt Ceiling Agreement
Washington, D.C., May 31, 2023—The Leading Builders of America (LBA), a trade association made up of 21 of the nation’s largest homebuilders, issued the following statement on the agreement to raise the federal debt ceiling:
“We are encouraged that the Administration and Congressional leaders have reached a bipartisan agreement to raise the federal debt ceiling. America’s housing industry relies on US capital markets that are strong, deep, and highly liquid, and policymakers should do everything they can to ensure they stay that way. In order for builders to continue to build attainable workforce housing, it is critically important that the United States stand fully behind its obligations. Failure to do so would have devastating consequences on the housing industry, American families and the overall economy.
“We respectfully urge our public leaders to quickly pass the bi-partisan debt ceiling deal and avoid a default.”