Wisconsin Independent Businesses

Wisconsin small, independent business owners need a voice in state government. WIB has a full-time lobbyist who advocates on behalf of the needs and concerns of small, independent businesses.

2017-2018 Session Policy Agenda

Read about our public policy priorities for the 103rd Session of the Wisconsin State Legislature

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WIB Successful Efforts

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Get in touch with a member of our team today. Quick information below, otherwise link over to our Contact page for more information.

122 West Washington Avenue, Suite 650
Madison, Wisconsin 53703
1-800-362-9644 (Toll-free Hotline)
608-255-6600 FAX


News of the Day October 18, 2018
U.S. Housing Starts Sank 5.3% in September

U.S. home construction fell by 5.3 percent in September, a sign that recent hurricanes and rising mortgage rates may be weighing on the market.

The Commerce Department said on Wednesday that housing starts slipped last month to a seasonally adjusted annual rate of 1.2 million, down from 1.27 million in August. So far this year, starts have increased by 6.4 percent. But the pace of homebuilding has decelerated since May.

“Starts are stagnating as the housing market slows, though September’s numbers were suppressed by the hurricane affecting the Carolinas,” said Tendayi Kapfidze, chief economist at Lending Tree, an online loan broker.

Homebuyers are facing new cost pressures that could be dampening demand.

The mortgage buyer Freddie Mac says that the average 30-year fixed-rate on mortgages rose to 4.9 percent last week, the highest level seen since 2011. The combination of higher borrowing costs and rising home values has made houses less affordable.

“It may be tempting to draw national conclusions from these storm-related dips and rallies, but the regional blips can’t obscure the year-long malaise in the national single-family home construction market: Starts have been hit or miss, sales flat and permits trending downward for months,” said Aaron Terrazas, a senior economist at the real-estate firm Zillow.

 

WIB Successful Efforts

Click to see where WIB succeeds in being an effective voice for small businesses in Wisconsin Government


Get in Touch

Get in touch with a member of our team today. Quick information below, otherwise link over to our Contact page for more information.

122 West Washington Avenue, Suite 650
Madison, Wisconsin 53703
1-800-362-9644 (Toll-free Hotline)
608-255-6600 FAX


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