Builders wanted more help in housing bill

Large home builders may be hurt by the big housing bill President George W. Bush signed Wednesday, although others in the real estate community have voiced support for the president's decision. "NAREIT greatly appreciates Congress' and the administration's support for modernizing the REIT rules, including providing more flexibility for REITs to manage their property portfolios, which is critical in today's market," says Tony Edwards, NAREIT's executive vice president and general counsel.

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