Housing Industry Ramps Up Political Contributions


The Wall Street Journal reports

The housing industry already has given more money in political contributions this election cycle than in the entire previous cycle, while winning favorable provisions in an emergency housing bill moving through the legislature.

Through May, mortgage bankers and brokers, real-estate companies and home builders had given more than $95 million to federal candidates and political parties so far this election cycle, according to the nonpartisan Center for Responsive Politics. That compares to about $57 million at this point in the 2006 cycle.

The recipients include people with key roles in the legislation.

Wonder what that’s about. Nah. Not really. I know.