According to the latest figures from the U.S. Census Bureau, the national homeownership rate now stands at 65.3 percent, slightly higher than the rate registered in the second quarter of 2013 but nearly four percentage points lower than the record high rate of 69.2 percent in 2004.
Tuesday, January 14
2:00PM to 3:30PM
Who: Foreign Policy Project
What: Join the Bipartisan Policy Center in Ukraine at the Crossroads: Democracy, Geopolitics, Economics and Energy, a discussion on how current issues are interacting to drive events in Ukraine, how the U.S. and E.U. should react and what the implications will be for E.U. and U.S. interests in the longer-term.
On December 6, 2013, the Bipartisan Policy Center, together with the National Association of Regulatory Utility Commissioners (NARUC) hosted a workshop on greenhouse gas (GHG) regulation of existing power plants under the Clean Air Act. In addition to discussing policy design and CO2 reduction options, the workshop explored the use of economic modeling to inform decision making about Clean Air Act section 111(d) regulation.
BPC’s Energy team unveiled its new online Energy Bill Tracker, an interactive table that allows users to view and sort energy-related bills in Congress. In addition to each bill’s number, title and chamber of origination, the tracker provides sponsor and cosponsor information, along with an indicator of whether or not each bill has received bipartisan support. The most recent bipartisan bills are initially listed at the top, but if desired, the user can re-sort the table based on any of the columns presented.
We know partisanship is popular and conflict tends to be celebrated, but at BPC, 2013 was all about putting policy before politics. We’re taking a final look back at the top moments from another busy year at BPC.
State, industry and advocacy leaders gathered on December 6 to discuss what they do and don’t want included in forthcoming regulations on CO2 emissions from existing power plants. They also discussed how analytical tools are guiding their thinking. The workshop was co-hosted by BPC and the National Association of Regulatory Utility Commissioners. It is the second of three workshops exploring the challenges and opportunities of CO2 regulations under Section 111(d) of the Clean Air Act.
Earlier this year something unprecedented and potentially revolutionary happened in the Senate even though (and yet) few people took notice—eleven senators who previously had been governors officially launched the Former Governors Caucus and with its creation, the governors provided a new path to bring reason, compromise, civility and yes, legislating, back to Congress.
Pragmatic leadership has long been the foundation of American democracy and the source of our political stability. After a year of unseemly partisan wrangling – with the extremes of both parties holding hostage issues ranging from entitlement and tax reform to judicial nominees to health care to immigration – the last weeks of 2013 offered a rare and welcome glimpse of bipartisan competence.
The changes to military pensions will affect only retirees who are still of working age. Unlike civil service pensions, military pensions are payable to working-age retirees (as young as age 38, in the case of a servicemember who joined at age 18 and retired after 20 years of service). The Murray-Ryan agreement would reduce the cost-of-living adjustment (COLA) for working-age military retirees to inflation minus 1 percent starting in 2015, generating savings. Once military retirees reach the age of 62, however, pension payments would be restored to what retirees would have received if the lower cost-of-living adjustment had never applied – this is often referred to as a “catch up.”
What opportunities and challenges will immigration reform pose for future housing demand, housing markets, and/or economic revitalization?
Closing a New Generation Gap
By Lawrence Yun
The rate of home ownership among immigrants is largely a function of how long people have been in the United States. For those in the country less than five years, the homeownership rate is below 20 percent but climbs to almost 80 percent by their 40th year. That means past immigration will help boost current home buying demand and more recent arrivals will assist future demand.