June 10th, 2025
Major milestone in addressing the unprecedented Biden-Buttigieg backlog of more than 3,200 announced but unsigned projects.
WASHINGTON, D.C. - The U.S. Transportation Department has cleared another 529 infrastructure grants to get America building again. The latest grants, which total more than $2.9 billion, bring the total number approved to more than a third of the unprecedented 3,200 project backlog from the previous administration. Secretary Duffy has now cleared 1,065 projects worth roughly $10 billion since the start of this historic administration., according to Secretary Sean P. Duffy.
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WASHINGTON, D.C. - The U.S. Transportation Department has cleared another 529 infrastructure grants to get America building again. The latest grants, which total more than $2.9 billion, bring the total number approved to more than a third of the unprecedented 3,200 project backlog from the previous administration. Secretary Duffy has now cleared 1,065 projects worth roughly $10 billion since the start of this historic administration., according to Secretary Sean P. Duffy.
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May 27th, 2025
WASHINGTON - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for April 2025:
New Home Sales Sales of new single-family houses in April 2025 were at a seasonally-adjusted annual rate of 743,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 10.9 percent (±13.5 percent)* above the March 2025 rate of 670,000, and is 3.3 percent (±14.7 percent)* above the April 2024 rate of 719,000.
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New Home Sales Sales of new single-family houses in April 2025 were at a seasonally-adjusted annual rate of 743,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 10.9 percent (±13.5 percent)* above the March 2025 rate of 670,000, and is 3.3 percent (±14.7 percent)* above the April 2024 rate of 719,000.
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May 21st, 2025
WASHINGTON, DC – Total single-family home sales are expected to close 2025 at 4.92 million units, with existing home sales accounting for 4.24 million of those units, according to the May 2025 Economic and Housing Outlook from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group. Revisions to the home sales forecast were driven in part by the ESR Group's lower expectations for mortgage rates, which it now forecasts to end 2025 and 2026 at 6.1% and 5.8%, respectively. The latest outlook also projects real gross domestic product growing at 0.7% in 2025 and 2.0% in 2026 on a Q4/Q4 basis.
Visit the Economic and Strategic Research site at https://fanniemae.com to read the full May 2025 Economic and Housing Outlook, including the Economic Developments Commentary, Economic Forecast, and Housing Forecast. more...
Visit the Economic and Strategic Research site at https://fanniemae.com to read the full May 2025 Economic and Housing Outlook, including the Economic Developments Commentary, Economic Forecast, and Housing Forecast. more...
May 19th, 2025
Executive Summary
This paper builds upon the April 2025 Council of Economic Advisers (CEA) analysis which found that extending the 2017 Tax Cuts and Jobs Act (TCJA) would avert a $4 trillion tax hike and continue the legacy of President Trump’s first term when Americans enjoyed historic prosperity in the form of record high income gains, record low poverty, and low inflation. This paper studies President Trump’s broader proposed tax cuts, including permanent extension of the TCJA (the topic of the April paper) and related business tax provisions along with additional temporary tax cuts proposed by President Trump as well as enhancements for households and businesses included in the “One Big Beautiful Bill” approved by the House Ways and Means Committee on May 14, 2025. Specifically, this report studies the following provisions relative to expiration of the TCJA after 2025:
• Permanent extension of the expiring TCJA business tax cuts;
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This paper builds upon the April 2025 Council of Economic Advisers (CEA) analysis which found that extending the 2017 Tax Cuts and Jobs Act (TCJA) would avert a $4 trillion tax hike and continue the legacy of President Trump’s first term when Americans enjoyed historic prosperity in the form of record high income gains, record low poverty, and low inflation. This paper studies President Trump’s broader proposed tax cuts, including permanent extension of the TCJA (the topic of the April paper) and related business tax provisions along with additional temporary tax cuts proposed by President Trump as well as enhancements for households and businesses included in the “One Big Beautiful Bill” approved by the House Ways and Means Committee on May 14, 2025. Specifically, this report studies the following provisions relative to expiration of the TCJA after 2025:
• Permanent extension of the expiring TCJA business tax cuts;
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May 14th, 2025
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner, U.S. Department of Health and Human Services (HHS) Secretary Robert F. Kennedy Jr., U.S. Department of Agriculture (Ag) Secretary Brooke Rollins, and U.S. Centers for Medicare & Medicaid Services (CMS) Administrator Mehmet Oz penned an opinion piece in The New York Times discussing the impact of work requirements in creating stronger economies, protecting truly needy populations, and restoring purpose and dignity in the lives of millions of Americans.
“Establishing universal work requirements for able-bodied adults across the welfare programs we manage will prioritize the vulnerable, empower able-bodied individuals, help rebuild thriving communities and protect the taxpayers,” wrote Secretary Turner, Secretary Kennedy, Secretary Rollins, and Administrator Oz.
“America’s welfare programs were created with a noble purpose: to help those who needed them most — our seniors, individuals with disabilities, pregnant women and low-income families with children.
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“Establishing universal work requirements for able-bodied adults across the welfare programs we manage will prioritize the vulnerable, empower able-bodied individuals, help rebuild thriving communities and protect the taxpayers,” wrote Secretary Turner, Secretary Kennedy, Secretary Rollins, and Administrator Oz.
“America’s welfare programs were created with a noble purpose: to help those who needed them most — our seniors, individuals with disabilities, pregnant women and low-income families with children.
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May 14th, 2025
WASHINGTON — In alignment with President Trump’s agenda to eliminate burdensome regulations and stimulate economic growth, the Department of the Interior announced today the proposed rescission of a rule governing solar and wind energy development on public lands. The proposed rescission of the Bureau of Land Management’s clean energy regulation marks a significant policy shift, aimed at removing what officials describe as federal overreach and opening the door to expanded land use and energy independence.
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