Dire predictions for carried interest and mortgage interest deductions were made to developers at yesterday’s NAHB Multifamily Housing Council meeting in Milwaukee. Experts also questioned whether the special congressional committee to cut the budget would meet its goals.
Jerry Howard, president of NAHB will try to bring clarity to the issues at next week’s ABO luncheon.
Meanwhile, NAHB also reported at its fall board meeting yesterday that its Multifamily Production Index hit 44.6 in the second quarter, the highest level since 2006, and up from 16 in the third quarter of 2008. Multifamily remains one of the bright spots in the national housing industry, albeit a dim spot historically.