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An IRS ruling even confirmed that interest on some residential PACE assessments was deductible as home-mortgage interest.
Over $1.5 billion in residential PACE loans were sold in 2016, up from just $350 million in 2014, making it one of the fastest-growing loan types in a country with a history of heavy borrowing.
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Equity Residential is a pace-setter among apartment REITs.
The pace of residential construction is now almost 30% below its level of a year ago.
AFTER a rapid plunge, the pace of residential construction in the United States has stabilized.
While the sluggish housing market can explain the slow pace of residential investment, it is not the whole story.
True, the pace of residential construction in Boston has accelerated since rent control was repealed in 1994.
But in the last decade the pace of residential conversions there has picked up, with hundreds of units coming on the market.
Although the downturn appears to be largely contained in the housing market, Bernanke said the "slowing pace of residential construction is likely to be a drag on economic growth into next year".
"And the bond market may slow the pace of the residential buildings".
Real output grew at just about the ideal pace, even as residential investment shrank at an eye-popping clip.
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