home builders aren't added to it. >> local state and federal regulation compliance costs now make up about 25% of the cost of a new home, according to the national association of home builders. that's up over 30% in the last six years. builders are looking to president trump to lower their cost. >> some of the regulations are starting to be talked about being rolled back. a couple have actually happened but i think that is going to be a big positive impact for our industry. we're pretty excited about it. >> so excited that a monthly reading of home builders sentiment in march jumped to the high level level in 12 years. that divide between sentiment and sales is wider than ever. and that confidence could come right back down. home builders are still facing a shorngage. but lenders say that's another area deregulation can help. >> we are hoping it will soften. liquidity to come back in. that would be good. it would provide greater credit availability to consumers. >> mortgage rates still historically low, down considerably in the past decade. the difference today though is that most of the mortgage market is government backed very strict government requiremen

the national association of home builders says sentiment surge to a 12-year high exceeding expectations. builders views of sales prospects now and over the next six months. >> consumer prices saw their biggest annual increase since 2012. the consumer index was tempered but over the past year, prices have risen 2.5%. by housing costs and medical treatments. today janet yellen said it is rising toward the central bank target. >> they've charged four men including two russian spies with hacking yahoo. they alleged they hacked into yahoo!'s system for roughly a halfer are billion customer accounts in 2014 of. >> they are continuing to send a powerful message that we will not allow individuals, groups, nation states or a combination of them to compromise the privacy of our citizens, the economic interests of our companies, or the security of our country. >> this marks the first time the u.s. government has issued criminal charges against russian officials for cyber attacks. yahoo! says it appreciates the fbi investigative work and it is committed to keeping its users secure. >>> still ahead,

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the national association of home builders is at its highest level in 12 years.s index shows small business owners are the most optimistic events since 20 2007. the president has taken immediate steps to do business in this country and we are at the beginning of this process. on top of these significant steps taken in the executive orders this morning, he's also withdrawn from the trans pacific partnership trade agreement. cleared the way for keystone, dakota pipelines, began a wide reform of regulatory processes and signed legislation preventing the burdensome stream protection rule from causing further harm to america's coal industry. the president was glad to see the report added to the list of measurements reflecting the optimism that his pro growth policies have created. this afternoon the president will meet with the director of the national institute of health before signing the aforementioned executive orders on trade at 3:30. he will meet with the director of the office of management and budget. in cabinet news today, the secretary of state rex tillerson

the national association of home builders confidence index is at its highest level in 12 years. the gallup small business index shows that small business owners are the most optimistic they been since 2007. it is not surprising that american industry is reacting in this way. the president has taken immediate steps to make it easier to do business in this country, and we are at the beginning of this process. on top of these significant steps taken in the executive orders this morning, has withdrawn from the transpacific partnership trade agreement, cleared the way for keystone xl and dakota access pipeline's, began a much-needed government-white reform of our regular tory and permitting processes, and signed legislation preventing the burdensome production from causing further harm to the coal industry. the president was at to see this report describes see this report added to the list of optimism that his progrowth policies have created. this afternoon president will meet with the director of the national institutes of health before signing the aforementioned executive orders at

associated contractors of america. a letter from the associated builders and contractors. a letter dated february 27, 2017 from the national association of home builders and a letter from the united states chamber of commerce. the speaker pro tempore: without objection. mr. byrne: all of those groups i just mentioned support the repeal of this regulation that would come about by virt you of the bill that is -- virt you of the bill that is before you. why? because we have a right to expect that these regulatory agencies that congress sets up will do their job with the significant sums of taxpayer money that they are provided by this congress, the money that comes from the people of america to do their job in a timely fashion. and this agency comes for the forth and tries to act like it doesn't have the money or the authority to investigate violations and enforce the law within six months of a violation. that is not true. the american people have a right to expect more from the agencies than that. more to the point, the reason we are here today is really simple. we are here to overturn a rule that is blatantly unlawful and does nothing, i repea

association, also a letter of support the national stone, sand, and gravel association. a letter of support the small business and enterprise ship council. a letter of support national association of home builders. a letter of support, dr. pat michaels. a letter of support professor will be happier, princeton, and co-2 coalition. a letter of support from the american expiration and production council. a letter of support, the independent petroleum association of america. a letter of support the united states chamber of commerce. letter of support, the national cotton council. letter of support the e and e action i.n.s. pend institute and western energy alliance. a letter of support anti-american chemical council letter of support. the speaker pro tempore: without objection. the gentleman is recognized. mr. lucas: mr. speaker, i yield myself as much time as i might consume and would note to my colleague i believe i have one more speaker. looks like my colleague has a speaker also. with that i would note to the body part of the challenge that we face here today on this bill is like so many challenges we face as members of congress. how do you avoid the short-term perspective? how do you take the

the national association of home builders will be on tomorrow. more "varney" after this. . .ter his vacation. what is your favorite story today? ashley: father jonathan's napoli story. we have to go with the gold in california. there is gold in them there hills. stuart: lying on riverbeds, treasury revealed. ashley: sparkling in the sunshine. stuart: i'm leaving new jersey. our time is up. charles payne in for neil. it is yours. charles: thank you very much, stuart. we have a very busy two hours to kick off. i'm charles payne in for neil cavuto. right now president trump prepping for a big trip to michigan where he he is expecting to keep a campaign promise. jeff flock is in the plant. reporter: this is a big airplane hangar in yip sill lant at this. these are auto workers and interesting to hear what the president has to say about the

chamber of commerce, the association of general contractors, the national home builders association, the national restaurant association, the national retail association, along with more than 70 state and national organizations, all support this joint resolution. mr. president, i ask unanimous consent to insert the coalition for workplace safety's letter for the record. the presiding officer: without objection. mr. cassidy: i urge my colleagues to support this joint resolution and allow congress to review the law and make changes, if needed. it is the right thing to do. mr. president, -- i ask unanimous consent that quorum calls during consideration of h.j. res. 83 be equally divided in the usual form. the presiding officer: is there objection? without objection. mr. cassidy: mr. president, i yield back. mr. schumer: i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. schumer: mr. president? the presiding officer: the democratic leader. mr. schumer: thank you, mr. president. i ask unanimous consent the quorum be dispensed with. the pr

home builders. with us now, jerry howard witt is ceo of the national association of homebuilders.re you know, interest rates are coming out. mortgage rates are not then we heard the level now 30 year fixed at 4.3%. you're verypmistic risg rates,ut it didn't your enthusiasm. you have to look at it in context. they are still very low. we'll see where it goes. right now not too much of a drag. stuart: 4.3% on the 30 year fixed. do you think it has real impact, hurts your business if they get to say 5% or 6%. >> i think that given what the consumer mindset is now the biggest 5% or 6%, 6%, people sit up and take notice. people have to realize back in the day when i was out of college at double-digit interest rates. stuart: the first mortgage ever took in america was 12.5% in san francisco late 1970s. it's not what the section necessarily. quick question if i may. i've always been told that the average size of a whole new home in america is going up and up. but that uptrend came to a screeching halt in the last decade and now you guys are actually building smaller and smaller new homes.