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Congress Isn’t Waiting on Trump to Tackle High Housing Costs
- On Jan. 29, President Donald Trump said he wants to keep home prices high, bypassing calls to ramp up construction, according to his Cabinet.
- Recent data show single-family permits have fallen sharply, plunging 9.4% to an annual rate of 876,000, while pending construction and supply shortages push residents out of Colorado.
- Lobbying the Federal Reserve and urging Fannie Mae and Freddie Mac to jump-start big homebuilders are part of Trump's efforts to lower mortgage costs, including a proposed ban on large financial institutions.
- Older voters may benefit politically from Trump’s housing stance, which could alienate younger voters crucial for midterm control of the House and Senate.
- If the economy grows this year, demand and prices could rise, and Edward Pinto said single-family construction must increase 50% to 100% over the next three years to keep price gains flat.
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110 Articles
110 Articles
The Trentonian+43 Reposted by 43 other sources
Housing costs are crippling many Americans. Here’s how the two parties propose to fix that
By Gavin J. Quinton, Los Angeles Times WASHINGTON — Donald Trump’s promises on affordability in 2024 helped propel him to a second term in the White House. Since then, Trump says, the problem has been solved: He now calls affordability a hoax perpetrated by Democrats. Yet the high cost of living, especially housing, continues to weigh heavily on voters, and has dragged down the president’s approval ratings. In a poll conducted this month by the …
President Donald Trump has promised to address the housing affordability crisis, but the White House has offered few details about his plans.
Coverage Details
Total News Sources110
Leaning Left16Leaning Right9Center69Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
L 17%
C 73%
Factuality
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