"But this is a national problem. In fact, President Donald Trump recently put pressure on homebuilders to increase construction nationwide, given the issues with construction in the country. In a post on his Truth Social platform in early October, he accused major builders of hoarding lots to prop up prices-likening them to OPEC, which restricts oil output to maintain high prices."
""They're my friends ... but now, they can get Financing, and they have to start building Homes. They're sitting on 2 Million empty lots, A RECORD," Trump wrote. He urged Fannie Mae and Freddie Mac to intervene and "get Big Homebuilders going" to "restore the American Dream." In New York's case, restrictive zoning, high costs, and sluggish permitting have kept the state from making meaningful progress toward affordability. So what can be done to ramp up production?"
New York received an F from Realtor.com with a total score of 13.2, reflecting acute affordability problems and minimal new construction. The state's median listing price hit $664,622 in 2024 while median household income was $81,057, producing a Realtors Affordability Score of 0.50. New York accounted for 3.1% of national housing permits in 2024 despite comprising 5.8% of the U.S. population, resulting in a permit-to-population ratio of 0.53. Restrictive zoning, high costs, and sluggish permitting have constrained progress. Nationally, public pressure on builders has mounted amid accusations of lot hoarding and calls for federal intervention.
Read at SFGATE
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