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AFFORDABILITY ABSENCE

AFFORDABILITY ABSENCE

by | Nov 9, 2018 | Blog

As tight as the affordable rental housing market is, it’ll worsen. The Republican tax plan lowers the corporate tax rate from 35% to 21% and lowers taxes on pass-throughs. These changes will reduce the value of tax credits used to build low income-housing, thus...
DIMINISHED DWELLINGS

DIMINISHED DWELLINGS

by | Nov 9, 2018 | Blog

In 1/18, sales of existing houses came in at a seasonally-adjusted annual rate of 5.38 million. That’s 3.2% lower than 12/17 and 4.8% lower than 1/17, the steepest Y-o-Y decline since 8/14. Y-o-Y inventory declined for the 32ndstraight month, and at 1.52 million, is...
HOUSING HARM

HOUSING HARM

by | Nov 9, 2018 | Blog

While housing starts have been steadily rising since 2011, and existing sales have been growing, albeit very slowly of late, for even longer, things may slow going forward. A combination of suddenly higher mortgage rates, new tax laws that mildly depress the value of...