The document discusses potential risks to the U.S. residential construction market due to anticipated tax reforms by the Republican-led Congress. Key issues include potential reductions in Mortgage Interest Deduction (MID), elimination of State and Local Tax (SALT) deductions, changes to capital gains treatment, and overall affordability concerns. The National Association of Realtors (NAR) predicts a possible 12% decline in property prices due to these changes. The report also highlights the impact of rising home prices and mortgage rates on housing affordability.
doj/DataSet10/EFTA01385283.pdf
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