Even Federal Reserve Chairman Jerome Powell is missing the real problems with America's housing market

Recently, Federal Reserve Chairman Jerome Powell was asked about the rising costs of housing. Powell pointed to increased labor and material costs as the driver of home-price increases. But that ignores the real issues causing cost increases: zoning and local regulation. Tobias Peter is a senior research analyst at the American Enterprise Institute's Housing Center. Edward J. Pinto is a resident fellow and the director of the Housing Center at the American Enterprise Institute.

Recently, Federal Reserve Chairman Jerome Powell was asked about the rising costs of housing. Powell pointed to increased labor and material costs as the driver of home-price increases. But that ignores the real issues causing cost increases: zoning and local regulation. Tobias Peter is a senior research analyst at the American Enterprise Institute's Housing Center. Edward J. Pinto is a resident fellow and the director of the Housing Center at the American Enterprise Institute.

I think we need a better way to transport lumber in order to bring the prices down.

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Trump's Treasury could cause financial market conditions to tighten even with Fed cutThe Treasury Department said it will issue more than $400 billion in debt this quarter, putting upward pressure on interest rates even as the Federal Reserve cuts its rate target. Really? Now explain why the 10-year yield is now below 2%. Morons, fed can print 1kk bill if it wants, fed can print 100kkk one dollar bills if it wants. Trump is an idiot folks don’t count on him to do the right thing. Ever!
Fuente: CNBC - 🏆 12. / 72 Leer más »