Trump Stirs Homebuilders’ Dreams of Cutting Environment Red Tape
Bloomberg
As Don Huffines sees it, Donald Trump’s election instantly made his Dallas-area pastureland much more valuable. That’s because the residential developer expects the president-elect to follow through on a pledge to cut through what he considers environmental red tape.
Huffines, a Republican state senator in Texas, blames President Barack Obama’s administration for adding to rules protecting wetlands, stream beds, endangered species and clean water. The U.S. Army Corps of Engineers has been blocking a dam to create a lake he envisions as a centerpiece for the 1,000-home subdivision.
About author
You might also like
Toll Releases Fourth Quarter Earnings
Despite relatively strong 4Q earnings of $131.5M, an increase of 39% over the year ago period, the earnings figure fell short of analyst expectations of 73 cents a share versus
MDC Logs 4Q Earnings Miss
MDC Holdings, which builds under the brand name Richmond American Homes, reported 4Q 2014 earnings of $14.6M or 41 cents per share (adjusted up from 30 cents per share to
