Eye On Housing
Author Archives
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Prices of Building Materials Increases in April, Like Most Goods
Inflation in prices received by producers (prior to sales to consumers) rose 0.2% in April according to the latest Producer Price Index release by the Bureau of Labor Statistics. The gains were broad-based as the prices for goods and services which posted increases of 0.2% and 0.1%, respectively. Prices for goods advanced 0.2% as declines in prices for trade, transportation,… Read More ›
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Homeownership Tax Benefits Totaled More Than $100 Billion in 2014
Homeowners saw their tax bills trimmed by more than $100 billion in 2014 according to estimates by the Joint Committee on Taxation (JCT) and NAHB analysis. The mortgage interest deduction (MID) alone accounted for $72.4 billion in tax savings, while the real estate tax deduction (RETX) saved homeowners an additional $30.2 billion. Rounding out the group of tax advantages is… Read More ›
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State of Federal Government Finances
As it does every year, the Congressional Budget Office (CBO) has released an update to its 10-year baseline budget projections published in January. Individuals as well as businesses of all sizes should take note; the picture that CBO paints of the future of federal government finances remains worrisome despite some improvements registered after the end of the Great Recession. Higher… Read More ›
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Property Tax Revenue Grows Nearly Four Percent
NAHB analysis of the Census Bureau’s quarterly tax data shows that $519 billion in taxes were paid by property owners over the four quarters ending in Q3 2015. This represents a $19 billion—or 3.9%—increase over the previous trailing four quarters, the largest annual increase since early 2010. Property taxes accounted for 39.1% the largest share, of state and local tax… Read More ›