National Lumber and the rest of the building industry are excited to hear that President Obama just signed a bill that will extend the tax credit deadline from November 30 to April 2010. The bill also includes a $6,500 tax credit to existing homeowners who buy a new home if they have lived in their current residence for at least 5 years. Additionally, the legislation gives tax breaks to struggling home builders. The bill passed both houses without nearly any opposition. You can learn more about the new legislation here.
Congress has voted to extend the homebuyer tax credit!
Published November 6, 2009 Building Industry Leave a CommentTags: home builders, homebuyers, real estate, tax credit
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