Regulatory Reform
Regulatory Reform: What Impact Will It Have On Commercial Real Estate?
Source: costar.com
"The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Obama last week, is a cornerstone of Congress and the Administration’s financial regulatory reform agenda, creating the most sweeping changes in U.S. financial regulations since those put in place following the Great Depression.
The regulatory overhaul of the U.S. financial markets comes as commercial real estate has begun a nascent recovery following the Great Recession and the financial crisis of 2008. And while the new regulatory framework will undoubtedly impact the capital-intensive commercial real estate market, it may be years before the full extent of the impact will be known after the specific rules and regulations are developed to implement the law's provisions. "
The uncertainty of lending for future projects is a major concern for employment hit industries like general contractors, plumbers, tile setters, concrete contractors, electricians, carpet suppliers, architects and engineers, the Home Depots and Lowes of the US, landscapers, window and roofing suppliers, on and on. Keep putting pressure on the banking industry and capitol hill to recognize that lack of construction = high unemployment.
- Lori Burger | Flag this comment for review