Officials appear to be warming to the idea of imposing the country’s first national tax on homes to cool a market subject to wild booms and busts.
By lowering rates, the law reduces the value of tax credits that have been crucial to rental projects nationwide, with the effect being felt already.
HUD will delay rollout of a measure requiring communities to analyze how their policies might be fostering racial and economic inequality.
The expectation that homeowners should be able to reach beyond their property lines has become deeply embedded.
The House, forced to vote a second time on the $1.5 trillion tax bill, passed the final version on Wednesday. It was the most sweeping tax overhaul in 31 years.
The tax code has long offered rewards for buying rather than renting, an equation that has troubled some economists — and that the Republican bill upends.