Throughout the week, the BPC Housing Commission will highlight news items that address critical developments in housing policy. Any views expressed in the content posted on this forum do not necessarily represent the views of the Commission, its co-chairs or the Bipartisan Policy Center.
By Michael A. Fletcher
The Washington Post
"With the battle for the Republican presidential nomination moved to Florida, the candidates find themselves confronted with a question central to the health of the state’s weak job market: What are their plans for solving the housing mess? Florida’s economy rests heavily on housing, which has struggled in the years since the bubble burst. New construction has slowed to a crawl and home prices have tumbled, sapping consumer confidence, choking tax revenue and leaving the state with one of the nation’s highest unemployment rates.
President Obama has acknowledged that his housing policies have been ineffective, an assertion vividly illustrated by the many half-built developments and large inventory of financially distressed properties that dot the Florida landscape. That might sound like a political opportunity for the GOP candidates, particularly in Florida, which is seen as pivotal to their party’s chances to capture the White House. But so far, the candidates have not been specific on how they would address the housing problem." Read more here.