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.
February 28th, 2017
Fed Chair Janet Yellen’s recent Humphrey Hawkins testimony excited speculation that the Federal Reserve might raise the Fed Funds rate as soon as March. The normally reticent Fed Chair seemed to turn a skosh more optimistic, noting that the economy continued to make progress and “waiting too long [to raise interest rates] would be unwise.”