When regulations on the housing industry are reasonable, the cost of housing goes down. Regulatory relief is needed to make housing more affordable to more Americans.

The weekend brought good news for our friends in the cattle industry. At long last, Japan has taken the steps needed for American beef to make its way back into the Japanese market.

Although housing sales and starts have cooled to more typical levels, the housing market remains strong and sound. Without the expansion of homeownership and the strength of our housing market, our nation would not have the economic growth we are experiencing today.

More Americans own their home than ever before. Nearly 70 percent of American's are homeowners. So it is a good time for us to asses the positive impacts of homeownership on families, communities and on the nation's economy.

I think they're seeing it. I think people are seeing the enormous cost of housing vs. what people make.

Affordable housing is definitely a huge cost for this project.