Bessent says Trump administration will tackle high housing costs with new measures
The Trump administration plans to use zoning reform, tariff exemptions, and lower closing costs to tackle housing affordability as a key issue for the 2026 midterm elections.
- Treasury Secretary Scott Bessent stated that President Donald Trump may declare a National Housing Emergency this fall due to rising housing costs.
- The housing crisis has worsened over the last two decades, leading to an estimated shortage of 4 million homes in the U.S., with deficits notably severe in Greater New York and Los Angeles.
- Critics, including House Democratic Minority Leader Hakeem Jeffries, questioned Trump's ability to effectively address the housing crisis through emergency powers.
- Bessent mentioned that housing affordability will be a key issue in the Republicans' 2026 midterm election platform.
51 Articles
51 Articles
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The Straits TimesTrump weighs declaring national housing emergency, Bessent says
WASHINGTON — Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall as the White House looks to highlight key issues for midterm campaign voters. “We’re trying to figure out what we can do,…
Trump Administration Weighs National Housing Emergency to Tackle High Costs and Boost Supply
The American Dream was built on a simple promise: work hard, save your money, and one day you’ll own a piece of this great nation.... The post Trump Administration Weighs National Housing Emergency to Tackle High Costs and Boost Supply appeared first on Patriot Journal.
'A joke': Trump pummeled over potential new emergency over issue he's 'done nothing about'
Secretary of the Treasury Scott Bessent says President Donald Trump may declare a National Housing Emergency this fall, amid a challenging environment for homebuyers.“Bessent said housing affordability would be a critical leg of Republicans’ 2026 midterm election platform,” Bloomberg News reports. “Bessent declined to list any specific actions the president may take, but he suggested that administration officials are directly studying ways to st…
'A Joke': Trump’s Possible National Housing Emergency Sparks Fierce Backlash
Secretary of the Treasury Scott Bessent says President Donald Trump may declare a National Housing Emergency this fall, amid a challenging environment for homebuyers. “Bessent said housing affordability would be a critical leg of Republicans’ 2026 midterm election platform,” Bloomberg News reports. “Bessent declined to list any specific actions the president may take, but he suggested that administration officials are directly studying ways to s…
Trump may declare 'housing emergency' in bid to boost GOP for 2026 midterms
Treasury Secretary Scott Bessent revealed Monday that Donald Trump is weighing a declaration of a “national housing emergency” this fall, a move critics say is aimed less at solving the affordability crisis than at boosting GOP chances in the 2026 midterms. The Trump administration has faced backlas...
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