MAY 2021
coronavirus pandemic. In the ruling, Judge Dabney Friedrich said the CDC did not have the authority to issue a broad moratorium on evictions across all rental properties.
The Biden administration has appealed the decision, so the moratorium remains in effect for now. However, programs like these have significant unintended consequences (e.g., causing economic hardship on owners of small rental properties), and thus the longer this moratorium remains in place, the more painful its resolution will be when ultimately—and inevitably—ended.
FED Chairman Jerome Powell remains optimistic that accelerated construction will eventually normalize the volatile housing market, noting that the US boasts a "very different housing market than it was before the global financial crisis," and a more sustainable rally could even help the broader economic recovery in the years ahead.
This article is written by John Greene, and reproduced with permission from Forest2Market. For more information, visit www.forest2market.com.