Is Obama in housing industry pocket?

I can't think of why else he would let homebuilders extend the period from which they can write off old losses for a retroactive tax break from two years to five years as part of his stimulus package, especially when some 1,800 union leaders, by petition, opposed a similar Congressional idea last April.
Daniel Gross has more on that at Slate.

If the U.S. Chamber of Commerce is so in favor, that's another reason to be skeptical.

And, in many parts of the country, the housing bubble has yet to be fully lanced, anyway.