February 13th, 2017
New home construction lags previous economic cycles and appears to be shifting away from single-family housing to multifamily rental units. Is this due to a lack of financing for new construction specific to this cycle or to underlying demographics, labor market dynamics, land use and availability, or to behaviors and preferences, especially among millennials that impact demand? To get a perspective on these questions, we spoke with Donald H. Layton, chief executive officer of Freddie Mac.
March 16th, 2017
The House Republicans have put forward the first of a three-part effort to repeal and replace the Affordable Care Act (ACA).1 In this first step, many (perhaps most) of the ACA benefit-related provisions are maintained while most of the taxes levied to fund the ACA are eliminated.
April 25th, 2017
Global stock markets are looking for new signs of optimism amid a range of geopolitical uncertainties and a slower than expected start to the Trump administration’s legislative agenda. We have maintained from the beginning that stock markets were overeager to capitalize on the Trump election victory.