http://http://www.mmsend2.com/ls.cfm?r=190410678&sid=6682212&m=745890&u=NAHB_press&s=http://www.youtube.com/watch?v=qeDp_w3oiqg

NAHB NEWS
FIRST-TIME HOME BUYERS WHO WANT NEW CONSTRUCTION TAX CREDIT MUST ACT NOW
NAHB is urging first-time home buyers who want to build a new home and also take advantage of the $8,000 first-time home buyer tax credit to act immediately.  Home buyers may qualify for the tax credit if they purchase the home on or after Jan. 1 but before Dec. 1, 2009.  In the case of new construction, the date the home buyer takes occupancy of the house is considered the purchase date, not when the sales contract is signed.  In addition to the deadline, home buyers must also have not owned a home in the three years prior to the purchase and have a modified adjusted gross income (MAGI) less than $95,000 for single tax payers or $170,000 for married filers in order to qualify for the credit.  More information on the first-time home buyer tax credit can be found at www.FederalHousingTaxCredit.com.

http://www.federalhousingtaxcredit.com/

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