Author Archives

  • Health Care Law’s 1099 Reporting Requirement Repealed

    President Obama has signed into law legislation that repeals onerous new reporting and paperwork requirements. This is good news for small businesses. Under last year’s Patient Protection and Affordable Care Act, taxpayers would have been required in 2012 to submit IRS Form 1099 for payments made to every corporations in the course of a trade or business that totaled more… Read More ›

  • Individual Tax Policy: The President’s New Deficit Proposal

    Continuing our look at taxes prior to the April 18th filing deadline, we move from business tax statistics for the construction sector to individual taxes. As anyone who receives an IRS Form 1098 knows, individual tax policy is important for homeowners. And as we demonstrated in the previous post on taxes and the construction sector, individual tax rates are business tax… Read More ›

  • Tax Profile of the Construction Sector

    As we enter into the last week of the 2010 tax filing season, it is a good time to look at some basic statistics concerning how construction firms, including home builders, organize for tax purposes and how much revenue they pay to the federal government. We will follow up this post over the next week with looks at the numbers involving specific housing tax… Read More ›

  • Property Tax Analysis: State and Metro Areas

    New research by NAHB economist Natalia Siniavskaia estimates effective property tax rates for homeowners by state and metropolitan areas. Using data from the Census Bureau’s American Community Survey, the analysis indicates significant increases in effective property tax rates, in large part due to housing price declines and lags in property tax assessments. For example, the effective property tax rates for… Read More ›

  • Are Property Tax Collections Rising or Falling?

    There seems to be some confusion regarding the amount of tax homeowners are paying to state and local governments. For example, just recently the Wall Street Journal noted that local tax collections fell in the first and fourth quarters of 2010 due to “slumping real estate tax receipts.” So is the tax burden on housing – a burden too often… Read More ›

  • When Will Household Deleveraging End?

    We’ve been tracking data from the Federal Reserve’s Flow of Funds and the Bureau of Economic Analysis to get a sense of how quickly households are repairing balance sheets. One of the factors preventing a robust economic recovery is deleveraging, as households and businesses pay down debts and restore net worth to long-run norms. A consequence of deleveraging is an… Read More ›

  • An Improving But Fragile Housing Market

    Testifying before the Senate Banking Committee yesterday, NAHB’s Chief Economist David Crowe reported on the state of the nation’s housing markets and urged caution on housing policy issues. These issues include finding definite solutions to the issue of the Government Sponsored Enterprises (GSEs), preserving the housing tax rules, including the mortgage interest deduction (MID), and implementing the Dodd-Frank financial reform law, including the definition… Read More ›

  • Multifamily Survey Data Indicate Market Improvement

    Today, NAHB released two multifamily indices that point toward healthier market conditions for both new and existing apartment and condo buildings. The Multifamily Production Index (MPI), which tracks developer sentiment regarding new construction on a scale of 1 to 100, is at 40.8 – up more than 5 full points since the previous quarter and the highest reporting since the fourth quarter… Read More ›

  • The New Home in 2015

    NAHB researcher Rose Quint has published a study examining survey data that reveal predictions concerning the characteristics of newly constructed housing in 2015. In general, she reported the following broad trends: The average, new single-family home will be smaller and have more green features The living room will either vanish or merge with other spaces in the home The “Great Room” is… Read More ›

  • Countering Claims Against the MID

    Sometimes it is useful to take a step back and look at the claims made against a policy like the mortgage interest deduction (MID). A good example is this column authored by an analyst from the usually informative Tax Policy Center (TPC), which claims that repealing the MID would result in minor tax increases on homeowners. In fact, the impacts, tax and economic, would be… Read More ›