Plus, comparing homeowner insurance prices across the U.S., and the latest BPEA episode on housing stock decreases, particularly in Sun Belt cities.
Editor’s Note: Don’t miss today’s virtual launch event for the new bipartisan Brookings-AEI commission focused on advancing U.S. rural prosperity. |
| What impact could SNAP cost-sharing reforms have on states? A new interactive from The Hamilton Project shows data on Supplemental Nutrition Assistance Program (SNAP) payment error rates for the U.S. and each state from FY2003 through FY2024. For over 50 years, SNAP has been fully federally funded, but both House and initial Senate reconciliation bills propose shifting part of the cost to states beginning in FY2028, based on their payment error rates. Lauren Bauer, Asha Patt, and Eileen Powell note that this restructuring could potentially strain state budgets, lead to cuts in other health or education programs, and weaken SNAP’s role as an economic stabilizer during downturns. For more insights on how proposed SNAP cuts could impact the economy and affect recession preparedness, read related analysis from The Hamilton Project here. |
| A closer look at the data |
| Economic analysis on US housing |
Homeowners insurance. Homeowners insurance is becoming more costly and harder to procure for millions of Americans as the costs of climate-related events pose growing challenges to insurers and their customers. David Wessel presents an interactive map, built from U.S. Treasury data, that allows current and prospective homeowners to compare the cost of insurance and the frequency of claims and non-renewals in their neighborhoods to adjacent neighborhoods and to the rest of the country. Housing prices. Across the country, housing prices have reached record highs, even in metro areas once considered affordable, while housing stock growth has slowed. In a recent BPEA podcast episode, Joseph Gyourko joins Brookings' Ben Harris to discuss evolving dynamics of the U.S. housing market, focusing on six metropolitan areas and in particular on steep housing stock decreases in Sun Belt cities. |
| About Brookings The Brookings Institution is a nonprofit organization based in Washington, D.C. Our mission is to conduct in-depth, nonpartisan research to improve policy and governance at local, national, and global levels. If you were forwarded this email, sign up for the Brookings Brief to stay updated on our latest work. |
The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars. |
|
