exotix
11-02-2017, 12:26 PM
*Breaking*
Homebuilder stocks rocked by tax reform plan
https://www.google.com/search?hl=en&ei=GUr7WcnWAYTjmAHO8aCgDw&q=home+builder+stocks&oq=home+builder+stocks&gs_l=psy-ab.3..0l5j0i22i30k1l5.1070663.1075268.0.1076917.15 .15.0.0.0.0.120.1179.14j1.15.0....0...1.1.64.psy-ab..0.15.1170...0i67k1j0i131k1.0.DHfc2usKqhI
http://money.cnn.com/2017/11/02/investing/homebuilder-stocks-tax-bill-mortgage-interest/index.html
The homebuilding industry looks like an early loser from the GOP plan to overhaul the tax system.
Homebuilding stocks fell sharply on Thursday following news that the Republican tax reform bill (http://www.cnn.com/2017/11/02/politics/tax-reform-republican-plan/index.html?iid=EL)would limit two key tax breaks that favor homebuyers.
The House tax legislation calls for capping the mortgage interest deduction at $500,000 instead of $1 million.
The bill would also limit the deduction for state and local property taxes at $10,000.
Watering down these tax breaks could be bad news for people who want to buy homes, especially pricier properties or ones in more expensive cities.
http://res.cloudinary.com/luvckye9s/image/upload/v1509643730/15_r5khko.png
http://i2.cdn.turner.com/money/dam/assets/171102104002-homebuilder-stocks-tax-plan-780x439.png
Homebuilder stocks rocked by tax reform plan
https://www.google.com/search?hl=en&ei=GUr7WcnWAYTjmAHO8aCgDw&q=home+builder+stocks&oq=home+builder+stocks&gs_l=psy-ab.3..0l5j0i22i30k1l5.1070663.1075268.0.1076917.15 .15.0.0.0.0.120.1179.14j1.15.0....0...1.1.64.psy-ab..0.15.1170...0i67k1j0i131k1.0.DHfc2usKqhI
http://money.cnn.com/2017/11/02/investing/homebuilder-stocks-tax-bill-mortgage-interest/index.html
The homebuilding industry looks like an early loser from the GOP plan to overhaul the tax system.
Homebuilding stocks fell sharply on Thursday following news that the Republican tax reform bill (http://www.cnn.com/2017/11/02/politics/tax-reform-republican-plan/index.html?iid=EL)would limit two key tax breaks that favor homebuyers.
The House tax legislation calls for capping the mortgage interest deduction at $500,000 instead of $1 million.
The bill would also limit the deduction for state and local property taxes at $10,000.
Watering down these tax breaks could be bad news for people who want to buy homes, especially pricier properties or ones in more expensive cities.
http://res.cloudinary.com/luvckye9s/image/upload/v1509643730/15_r5khko.png
http://i2.cdn.turner.com/money/dam/assets/171102104002-homebuilder-stocks-tax-plan-780x439.png