The National Association of Home Builders (NAHB) told the Senate Banking Committee that Congress needs to take action to restore the availability of credit to home buyers and builders.  NAHB Chief Economist David Crowe said, “Without access to credit, the residential construction industry will lose more small businesses and experience more job losses, with these impacts being widely spread across the nation.”  He said 1.4 million residential construction jobs have been lost since 2006.  The average single family home provides $90,000 in total tax revenues, $145,000 in wages, and $86,000 in net business income. While expecting new home sales to increase 8 percent this year, Crowe said Congress needs to stabilize Government Sponsored Enterprise (GSE) to ensure a reliable source of credit to home buyers.  He also said regulators need to relax the risk retention rules imposed by Dodd-Frank because it tends to squeeze first-time home buyers out of the market.