"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.""
"The state's median listing price was $563,896 in 2024, while the median household income reached $78,022-a gap that continues to widen each year. The Realtors Affordability Score stood at 0.46, indicating that only a small fraction of homes on the market are attainable for middle-income earners. On the construction side, Oregon accounted for just 1.0% of national housing permits despite making up 1.3% of the U.S. population."
Oregon earned an extremely low housing grade with a total score of 29.8, reflecting severe affordability and supply problems. The 2024 median listing price reached $563,896 while median household income was $78,022, producing a Realtors Affordability Score of 0.46 and limiting middle-income access. New construction lagged, with Oregon issuing only 1.0% of national housing permits despite representing 1.3% of the U.S. population, yielding a permit-to-population ratio of 0.77 and indicating underbuilding. Nationally, major builders faced accusations of holding lots off the market, with calls for Fannie Mae and Freddie Mac to press builders to increase construction.
Read at SFGATE
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