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Housing Policy

All articles tagged with #housing policy

Trump Administration Promises Broad Push to Rebuild Homeownership and Lower Costs
politics4 days ago

Trump Administration Promises Broad Push to Rebuild Homeownership and Lower Costs

The White House asserts its government-wide housing plan is lowering costs and expanding access to homeownership, noting mortgage rates have fallen to multi-year lows, affordability indices and buyer activity are improving, rents are down, and refinancings are surging. It highlights actions such as directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities to reduce borrowing costs, curbing large institutional purchases of single-family homes, restricting taxpayer-backed mortgages to U.S. citizens, and scrapping the Affirmatively Furthering Fair Housing rule to streamline local housing decisions. The administration says these measures will strengthen the housing market for American families and advance the dream of homeownership.

via The White House (.gov)|
#affordability#homeownership#housing-policy
Trump's Housing Pivot Blames Wall Street, but Data Say It Won't Move Prices
politics9 days ago

Trump's Housing Pivot Blames Wall Street, but Data Say It Won't Move Prices

President Trump pivots to blaming 'institutional investors' for high housing costs and pushes a ban; Catherine Rampell explains that these investors own only a small share of single-family rentals, have been net sellers while shifting to build-to-rent, and banning them would likely have little effect on affordability and could raise costs in some markets. Real fixes require zoning reform, streamlined permitting, and broader policy changes, while demagoguery about Wall Street misses the bigger picture.

via The Bulwark|
#housing#housing-policy#institutional-investors
politics26 days ago

House GOP lines up next week for bipartisan housing bill vote

House Republicans plan a floor vote the week of Feb. 9 on the bipartisan Housing for the 21st Century Act, a 25-provision package to boost housing supply and modernize programs, potentially using suspension of House rules to speed passage. The effort comes as lawmakers balance the measure with a Senate-passed companion and the ongoing risk of a partial government shutdown, with GOP concerns over certain provisions in the Senate bill complicating cross-chamber negotiations.

via Politico|
#bipartisan#congress#house-of-representatives
Trump Moves to Curb Wall Street's Single-Family Home Purchases
politics1 month ago

Trump Moves to Curb Wall Street's Single-Family Home Purchases

President Trump issued an executive order to curb institutional investors buying single-family homes, directing agencies to block government-backed loans and incentives that would enable such purchases. The order will define “large institutional investor” and “single-family home” within 30 days and carve out build-to-rent projects, while also exploring options like allowing 401(k) withdrawals for down payments and government-backed mortgage bonds totaling about $200 billion, a step framed to address housing affordability ahead of Davos.

via The Wall Street Journal|
#domestic-politics#housing-policy#politics
Trump Targets Wall Street in Housing Plan to Put Homebuyers First
politics1 month ago

Trump Targets Wall Street in Housing Plan to Put Homebuyers First

President Trump signed an executive order to prevent large institutional investors from buying single-family homes, directing agencies to prioritize owner-occupants, impose disclosure and anti-circumvention rules, review related guidelines, and pursue legislation to curb Wall Street’s role in housing; the plan also asks Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities to lower borrowing costs.

via The White House (.gov)|
#executive-order#homeownership#housing-policy
White House Targets Wall Street Buyers to Restore Starter-Home Access
policy1 month ago

White House Targets Wall Street Buyers to Restore Starter-Home Access

The White House issued an executive order to curb large institutional investors from buying single-family homes that could be owned by families, with definitions to be developed within 30 days and guidance to federal agencies to limit such purchases and promote owner-occupant sales within 60 days, including narrow exceptions for build-to-rent; the order also calls for Treasury rule reviews, antitrust enforcement focus on large acquisitions, and mandatory disclosure of ownership in rental homes for federal programs, aiming to preserve supply for families and paving the way for legislative codification.

via The White House (.gov)|
#antitrust#homeownership#housing-policy
Trump Bets on Housing Push as Affordability Improves
politics1 month ago

Trump Bets on Housing Push as Affordability Improves

President Trump touts early gains in housing affordability as mortgage rates fall and existing home sales rebound, with supporting income growth. He also signals further relief by directing Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities and by curbing large institutional investors’ single-family purchases, while pledging to cut red tape and boost supply to restore the dream of homeownership.

via The White House (.gov)|
#existing-home-sales#housing-affordability#housing-policy
New Hampshire weighs taxes on vacant and luxury second homes
politics1 month ago

New Hampshire weighs taxes on vacant and luxury second homes

Two New Hampshire bills would tax second homes and unoccupied properties: a 0.75% levy on second homes valued at $500,000+ that would go to the local municipality, and a 'supplemental residence tax' requiring owners to pay the state the equivalent of their property tax if the home sits empty six months a year or is rented seasonally. Revenue projections range from about $15 million annually to more than $900 million, sparking debate over implementation and fairness; supporters say it could address housing and community funding needs while critics, including real estate and vacation rental interests, call it punitive. Gov. Ayotte and lawmakers say more housing units are needed and these measures will be reviewed in subcommittees.

via New Hampshire Public Radio|
#housing-policy#new-hampshire#politics
Blocking Wall Street Homebuyers Won’t Fix the Housing Shortage
real-estate1 month ago

Blocking Wall Street Homebuyers Won’t Fix the Housing Shortage

Fortune argues that banning large institutional buyers from single‑family homes would do little to ease prices in the near term since institutions own only about 1% of stock and the affordability crunch stems from a 6‑million‑home shortage caused by zoning limits and easy monetary policy. Ed Pinto says these investors can act as a stabilizer—providing rentals and upgrades—so pulling them out could worsen downturns and reduce supply when demand returns. The real fix, he says, is to unlock much more home construction to meet demand.

via Fortune|
#affordability#housing#housing-policy
Twin Cities' Housing Policies: Lessons from Repeated Experiments
economy2 months ago

Twin Cities' Housing Policies: Lessons from Repeated Experiments

Rent control policies, despite their popularity among populists, tend to worsen housing affordability by reducing supply, discouraging maintenance, and increasing initial rents, as evidenced by examples from Minneapolis, St. Paul, Los Angeles, and international cases. Cities repeatedly implement these policies, often leading to negative outcomes like decreased building permits and higher initial rents, with some regions like Argentina experiencing rent drops after abolishing controls. Experts warn that rent caps are counterproductive and suggest alternative approaches to address housing affordability.

via The Washington Post|
#economy#housing-policy#housing-supply