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As the 2016 presidential election grows closer and candidates' campaigns pick up speed, there is one topic that has been considered to be a taboo among those in the race to the White House. Housing policy has been a muted subject among all of the presidential candidates throughout their speeches, debates, and plans for the U.S., but one presidential hopeful has finally broke the silence.
After months of hearing about Wall Street reforms, former Secretary of State and Democratic candidate, Hillary Clinton, released her Breaking Every Barrier Agenda, which outlines intentions to revitalize the economy and includes a substantial housing investment. The goal of the agenda is to revitalize the economy in communities that have been left out and left behind, provide every child in America a world-class education, dismantle the school-to-prison pipeline, tackle disparities in health and nutrition, and fight for environmental justice. In addition, the initiative will also create good-paying jobs, rebuild crumbling infrastructure, and connect housing to opportunity in communities that are being left out and left behind.
Builder confidence in the market for newly-built single-family homes is still doing well, but has dropped since last month, according to the National Association of Home Builders/Wells Fargo Housing Market Index, released Tuesday. The latest HMI showed builder confidence to be at 58 in February, down from January’s 61 and seven points lower than its recent peak of 65 in October. That said, the index is still well above the tipping point of 50 and three points above last February’s number.
