Former President Joe Biden's recent regulatory freeze has sparked discussions similar to moves made by Trump and Obama, particularly surrounding its implications for housing and development. The freeze follows a pattern where incoming administrations review rules issued by their predecessors. Experts predict increased legal battles as this administration considers a more aggressive regulatory rollback. The impact on housing affordability and market stability was highlighted by industry professionals, suggesting that the freeze could complicate construction and financing initiatives amidst potential reforms to government-sponsored enterprises.
In his first term, he had what was called a two-for-one policy, which was for every new rule you proposed, you had to rescind two others.
This regulatory freeze could create more housing market uncertainty and will impact construction and development initiatives surrounding housing affordability.
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