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Tag Archives: Homes

Study: Tax Reform Will Increase Homeownership Burden

A national study has suggested the current White House plan for tax reform will increase taxes for middle-class homeowners. Families with adjusted gross incomes between $50,000 to $200,000 could see an average annual increase of $815 on their federal income taxes. As federal tax deductions are one of the main incentives for homeownership, it is imperative for organizations in the industry to remain vigilant in working with Congress to draft tax reform that promotes owning a home.

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Homes are Shrinking Again

New single family homes have been shrinking, according to the National Association of Homebuilders (NAHB). According to the NAHB data, home sizes reached a plateau in 2015 and 2016 after experiencing a steady rise post-recession, but have started to drop off since. The post-recession increase in single-family home size is consistent with the historical pattern coming out of recessions.

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Construction Spending Increases in February

2015 HUD

Construction spending rose for the month of February, realizing a .1 percent increase after a downward revision to January’s figures. This analysis was presented by the Wells Fargo Economics Group, who found monthly non-residential construction spending rose .6 percent, while residential construction fell .7 percent month-over-month.

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