Tax reform is one of the major ticket items on the current administration’s agenda, a measure that Congress hopes to tackle now that they are back from summer recess. When President Donald Trump first announced his modified tax plan—the first comprehensive change in 30 years—one of the main amendments was the elimination of itemized tax […]
Expect Construction to Take Strides This Year
The pace of new construction, which has been stagnant over the past few years, is ready to rev up. An estimated 1.26 million housing starts are expected this year, up 13.4 percent from last year, according to the National Association of Home Builders. Single-family production is estimated to reach 840,000 units, an 18 percent increase […]
Housing Headed for Higher Ground in 2016
A firming economy, solid job growth, rising consumer confidence, higher household formations and pent-up demand are helping to bring buyers back into the marketplace, and these factors will bode well for housing in 2016, according to economists speaking at the NAHB International Builders’ Show in Las Vegas today. “There are a number of positive indicators […]