US EditionBessent 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.
- U.S. Treasury Secretary Scott Bessent announced that the Trump administration may declare a national housing emergency this fall to lower housing costs and address supply issues, emphasizing affordability for the 2026 elections.
- The administration is considering standardizing zoning codes and possibly offering tariff exemptions for construction materials to manage rising prices.
- Bessent remarked that the Trump administration does not intend to override local control but aims to address housing issues within that framework.
- Concerns persist regarding the effectiveness of a housing emergency that lacks specific measures.
39 Articles
39 Articles
'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...
Trump may announce national housing emergency — a first since 2008 financial crisis
US President Donald Trump may declare a national housing emergency, a first since the 2008 financial crisis, to address the US housing crisis. He has so far declared 10 national emergencies in his second term.
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