AFFORDABILITY ABSENCE

AFFORDABILITY ABSENCE

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

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

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...