On Tuesday evening, President Trump will give his State of the Union address to the 116th Congress. This will be the President’s second State of the Union address which will outline the administration’s performance over the last year and his agenda for the third year in office.
According to the White House release, before his address last year, President Trump had delivered comprehensive tax cuts and reform to the American people, providing taxpayers and businesses with tax relief. Across the country, companies are using tax cuts to invest in American workers with bonuses, higher wages, and better benefits, the statement reads. In January 2018, Trump and his Republican colleagues in Congress insisted that the $1.5 trillion tax cut will put more money in people's pockets and encourage U.S. corporations to expand and create more jobs.
In his first address, President Trump also pointed out that the economy was booming, however, affordability and rising home prices continue to plague the housing market. He had also outlined the record-setting accomplishments of his first year, and cast an inspiring vision for building a safe, strong, and proud America.
As reported in DS News, after making housing finance reforms a key focus area for the Senate Banking Committee, its Chairman Sen. Mike Crapo introduced an outline for housing finance reform legislation, as part of the initiative to create a more sustainable housing finance system.
With news on housing finance reforms, homelessness crisis and a cooling housing market dominating the headlines, it remains to be seen what housing related issues will be addressed by the President this time on Tuesday, February 5 at 9 p.m. EST.
Here’s what else is happening in the week ahead:
- CoreLogic Home Price Insights Report, Tuesday, 9 a.m. EST
- MBA Mortgage Apps, Wednesday, 7 a.m. EST
- Ellie Mae Millennial Tracker, Wednesday, 10 a.m. EST
- Jerome Powell Speaks, Wednesday, 7 p.m. EST
- Freddie Mac Primary Mortgage Market Survey, Thursday 10 a.m. EST