Former President Joe Biden submitted 872 pages over the weekend to be published in the Federal Register. Forbes reported that in the last few weeks in office, Biden issued 243 laws in 7,641 pages published in the Federal Register.
The frozen glasses are similar to those issued early in Trump’s first term as president in 2017 and the same measure that former President Barack Obama ordered in January 2009 over pending legislation from the George W. Bush administration.
Monday’s actions did not reveal any housing plans. But Robert Litan, a non-residential official Brookings Institution and a lawyer who specializes in complex antitrust and business matters, said that regulation is an important factor.
Brookings published an article titled “Trump’s regulatory housecleaning won’t be easy,” written by Litan and Peter M. Shane. The current snow is going back to that in 2017.
“During his first term, he had a policy called two-for-one, which meant that for every new law he proposed, he canceled two more. Now, there are speculations that they want to go to the 10-to-one goal,” explained Litan in an interview with HousingWire.
“[We] he learned the success of his withdrawal from his first scandal, because many of them were challenged in court, and depending on how you count, somewhere between 20% to 30% of them survived. All others did not survive the legal challenges. So, you can imagine that if they also take on a bigger regulatory role, they will face a lot of legal challenges,” he added.
Cody Bjugan, real estate developer and founder of Allied Developmenthe said he can see how the suspension of regulations can create uncertainty in the housing market.
“It will have an impact on construction and development programs that affect housing availability, as well as financing,” said Bjugan. “If President Trump decides to privatize government-sponsored businesses Fannie Mae again Freddie MacMajor changes are possible in mortgage availability and interest rates.”
Doug Perry, strategic financial advisor at House Beesis concerned about the lack of clarity provided by the regulatory ice.
“The sheer number of executive orders Trump has made in his 24 hours in office is enormous,” he said. “Analyzing the actual meanings and impact of the orders is not clear, and the way to achieve the objectives of the orders is not clear. This lack of clarity on how to do it creates uncertainty, and markets are trying to figure out how that risk plays out.
“The most important thing is the order declaring emergency housing price relief,” Perry said. “Almost everyone agrees that it is a serious problem, but since there are no clear ways to achieve the goal provided by the program, it does not give an explanation about what steps will take place. It means a new era of deregulation and regulation of housing and lending, with a focus on reducing housing prices.”
Source link
