Builders Blast Tax Proposal; Realtors not Smiling; Q3 Housing "Underwhelming"; Rates at 2-Week Lows

Congressional leadership and the Trump Administration stand accused of " abandoning middle-class taxpayers in favor of high-income Americans and wealthy corporations' by the National Association of Home Builders (NAHB). The remark came in a statement from NAHB Chairman Granger MacDonald regarding Thursday's release of the framework for the long anticipated Republican tax reform proposal. The National Association of Realtors (NAR) also released a statement critical of the plan, but withheld talking about specifics pending further review. MacDonald had no such reservations. In the statement, which carried the headline "Republican Tax Reform Plan Slams Middle Class," he said, "The bill eviscerates existing housing tax benefits by drastically reducing the number of home owners who can take advantage

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http://www.mortgagenewsdaily.com/reports/newsletter/2017/11/2/3069