Washington eyes builder buybacks as home construction starts hit lowest level in five years

Washington eyes builder buybacks as home construction starts hit lowest level in five years

Could curbing share buybacks by homebuilders help solve the country’s affordability crisis? The White House certainly thinks so. Last week, Federal Housing Finance Agency Director Bill Pulte said The Wall Street Journal that the administration is “studying” how much home builders spend on buybacks of their own stock and said the industry deliberately keeps prices…

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