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Housing market at risk if fiscal cliff cuts hit
NAHB policy analyst Robert Dietz warns that extending the 2001-03 tax cuts and Budget Control Act spending limits could reshape 2013 housing. He cites $560 billion in fiscal drag if all measures take effect, with growth, jobs, and household balance sheets to determine recovery. Congress likely aims to avert full cliff with a near deadline deal.
MENTIONED IN THIS ARTICLE
Robert Dietz
National Association of Home Builders
NAHB
Eye On
Catedierst
Ben Bernanke
Pretz
Dietz
Congressional Budget Office
Congress