Homebuilders appreciate Trump's recognition of low housing supply affecting prices; however, his recent executive order lacks clarity on solutions. While aiming to ease homebuilding regulations, the real hurdles lie in local zoning laws beyond presidential control. Federal influence exists but is limited to incentivizing local governments via federal funding conditions. Moreover, Trump's immigration policies raise concerns for the workforce, as many construction workers are immigrants, potentially impacting labor availability if deportations increase. Such dynamics reveal complexities in tackling the housing supply crisis amidst regulatory and labor challenges.
Homebuilders are pleased that Trump recognizes that low supply is driving up home prices, but the prescription for addressing it in his executive order is unclear.
Trump wants to loosen regulations around homebuilding...However, regulations around housing that stifle building are zoning requirements that are administered at the local level, meaning they are outside the authority of the presidency.
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