US EditionUS Homebuilders Working on Plan to Develop as Many as 1 Million ‘Trump Homes,’ Bloomberg News Reports
Lennar and Taylor Morrison aim to launch a private rent-to-own program that could provide more than $250 billion in housing for up to 1 million entry-level homes nationwide.
- On Tuesday, Bloomberg reported Lennar Corp. and Taylor Morrison Home Corp. are working on a privately funded pathway-to-ownership program, and shares of the builders rose 4%.
- With the median home sale price set at roughly $428,000, many Americans remain priced out amid supply shortages and elevated interest rates, while builders have discussed aiming for as many as one million homes worth more than $250 billion.
- Builders would sell entry-level homes to private investors, who rent them to tenants and credit part of monthly payments toward a down payment after roughly three years, with investors bearing initial losses and federally-backed mortgages undecided.
- While some experts told Newsweek that the idea sounds promising, experts and industry observers expressed skepticism about implementation, and White House officials said the plan is not being actively considered.
- The proposal, dubbed `Trump Homes` by industry players, sits alongside other Trump housing moves including directing Fannie Mae and Freddie Mac and a Los Angeles wildfire rebuild executive order, while President Donald Trump said, `People that own their homes: We're going to keep them wealthy...`.
11 Articles
11 Articles
Builders push ‘Trump Homes’ in pitch for a million new houses
By Patrick Clark and Sridhar Natarajan | Bloomberg Builders are working on a plan for a massive program to develop “Trump Homes” that would address the US affordability crisis while allowing private capital to deploy many billions of dollars. Lennar Corp. and Taylor Morrison Home Corp. are among the firms that have worked on the proposal, which calls for builders to sell entry-level homes into a pathway-to-ownership program funded by private inv…
Trump Homes: A Bold New Plan to Combat the Housing Crisis
A proposed initiative aims to build nearly a million 'Trump Homes' to tackle the U.S. housing affordability crisis. The plan involves a pathway-to-ownership program utilizing billions in private capital. While impactful, complexity might hinder its progress. It follows President Trump's recent order limiting institutional investors in real estate.
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