2009-11-18 17:46:36 -
Mooresville, NC November 18, 2009 - The National Association of Home Builders (NAHB) applauded Congress for passing legislation that will extend and expand the $8,000 first-time home buyer tax credit, stating that this will provide a much-needed boost to the fragile housing market and economy.
We at DV Wise Inc. support this decision whole heartedly! It is everyone’s best interest, builders, buyers, realtors and all sub-contractors involved. It is our hope that legislation like this and others will assist in the upswing of the economy. DV Wise supports NAHB Chairman Joe Robson and his comments on this legislation (listed below).
“We commend lawmakers for acting in a bipartisan manner to extend the first-time home buyer tax credit and expand it to a wider group of home buyers,” said NAHB Chairman Joe Robson, a home builder from Tulsa, Okla. “The tax credit has proven to be a powerful economic incentive. Today’s action by Congress will further stabilize housing and the economy by creating new jobs, stimulating home
sales, reducing foreclosures, cutting excess inventories and stabilizing home prices.”
The new law has been expanded to include a new $6,500 credit for owners of existing homes who are purchasing a new principal residence. An existing home owner can claim the $6,500 tax credit if they have been residing in their principal residence for five consecutive years out of the last eight. Additionally, the income eligibility limits to claim the full credit amount for both groups of home buyers have been raised to $125,000 for individuals and $225,000 for married couples.
The extension of the Home Buyers Credit should assist all builders nationwide. We have seen an improvement in our area, Mooresville and Lake Norman NC, and feel that the extension, along with the implementation of more Green Building practices is a huge improvement for our building industry.
Tom Wise is the Owner of DV Wise Inc., a second generation, family owned, Lake Norman Custom Home Builder. DV Wise Inc. was built upon ethics and integrity, never compromising quality to meet a budget or utilizing shortcut methods to beat a deadline. “Quality and Honesty, First and Foremost”, are the morals embedded into the DV Wise business model.
Contact:
Tom Wise, Owner
DV Wise Inc.
704-746-6054
www.dvwise.com 
