A record 844,000 prospective home buyers visited the National Association of Home Builder's (NAHB) Federal Housing Tax Credit website in February to learn about the new $8,000 tax credit for first-time home buyers enacted last month as part of the landmark $787 billion economic stimulus package.
"We are very pleased and encouraged that so many people are visiting our informational website," says Robson, chairman of the NAHB and a home builder from Tulsa, Okla. "The spike in traffic on our website is a strong indication that the tax credit will help get some fence sitters into the market and breathe some life back into the depressed housing market.
Daily site traffic at www.federalhousingtaxcredit.com started building in the week before the economic stimulus legislation was enacted, and peaked at almost 59,000 on Feb. 18, the day after the legislation was signed.
NAHB anticipates that the tax credit will result in about 160,000 additional home sales in 2009. For more information about housing and home buying, visit www.nahb.org.