Trump's Housing Policies Face Challenges in Second Term
Experts warn that Trump's plans to boost housing supply may be hindered by potential increases in construction costs and mortgage rates.
- Trump aims to address the housing shortage by deregulating building processes and opening federal lands for construction.
- Experts express concern that proposed immigration restrictions could lead to labor shortages in the construction industry, raising costs.
- Tariffs on imported materials like lumber could further increase the cost of building new homes, impacting affordability.
- Despite promises to lower mortgage rates, experts suggest rates may remain volatile due to economic policy changes.
- The housing market continues to face a supply-demand imbalance, with millions of homes needed to meet current demand.