"The analysis, part of the Economic Report of the President, outlines both a political risk and a messaging opportunity for President Donald Trump, whose public approval has slumped because of concerns about his tariffs, the Iran war and his unfulfilled promises to slash inflation and unleash stronger growth."
"Trump also has argued in favor of keeping home prices high to protect values for existing owners. 'I don't want to drive housing prices down,' Trump told his Cabinet earlier this year. 'I want to drive housing prices up for people that own their homes, and they can be assured that's what's going to happen.'"
"The housing chapter of the annual economic report, obtained by The Associated Press before its release, lays out a blueprint for how more home construction would help the middle class and the overall economy."
White House economists report a 10 million housing shortage in the U.S. Regulatory cuts could enhance construction, stabilize prices, and promote home ownership. President Trump has signed executive orders to reduce housing regulations but has been slow to prioritize high housing costs. The administration aims to address housing affordability amid global issues affecting public approval. Rising mortgage rates, influenced by the Iran war, have further complicated the housing market. Trump has expressed a desire to maintain high home prices to protect existing homeowners.
Read at Fortune
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