Large homebuilders, including Pulte Homes and Hovnanian Enterprises, will recieve hundreds of millions of taxpayer dollars under the recently passed Worker, Homeownership and Business Assistance Act of 2009.
Gretchen Morgenson writes in the New York Times:
"One can make an argument that throwing money at the banking system is necessary if we are to jump-start the economy. And banks need a bigger capital cushion to protect against future losses.
But dropping helicopter money on the home builders - the folks who massively overbuilt in community after community - seems decidedly less urgent (unless you are one of these companies, of course). Given that the supply of housing far outstrips demand, it is unlikely that these companies will use these tax breaks to hire workers (unless they go into a completely new line of business)."
Thanks to Heather Rose
Read the full story: Home Builders (You Heard That Right) Get a Gift
Housing Construction More and More Frequently the Product of Two Companies
The history of U.S. housing construction has traditionally been the story of many companies building a few homes a year. Now two companies alone are out-building the rest of the top ten homebuilders combined.
High Housing Prices Concern the Nation's Homebuilders
High prices and rising mortgage rates are called a "toxic cocktail" for the homebuilding industry.
A Year After Harvey, Homes Still Going Up on Houston Flood Plain
Despite the devastation wrought by Hurricane Harvey, builders and buyers alike are sustaining a market for new construction on land likely to get flooded again.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
Northwest rail fans eager for Sept. 30 debut of Amtrak’s Airo fleet
Get ready for that new train smell and more seats. But they won’t go faster or run more frequently on the Cascades route in Washington and Oregon.
LAX SkyLink opening delayed again, contractor won’t commit to new deadline
The project was supposed to open its doors to the public in 2023.
Caltrain may slash over one-third of its stations
If Bay Area voters reject two transit tax measures, Caltrain, BART and AC Transit will see steep service cuts.
A 'dangerous' precedent: North Carolina successfully pressures communities into voting for toll roads
Two mayors resigned from the Charlotte Regional Transportation Planning Organization after it voted in favor of the toll roads.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Thousand Oaks
City of Wisconsin Rapids
Harvard University Graduate School of Design
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello