"In a separate Labor Day interview with the Washington Examiner, Bessent said that President Trump may declare a national housing emergency this fall in response to soaring prices and limited supply. Bessent did not specify actions Trump may take beyond possibly declaring a national emergency, but he suggested that administration officials are directly studying ways to standardize local building and zoning codes and decrease closing costs."
"In the limited interview, which is expected to run as a full interview on Tuesday, Bessent alluded to Trump considering some tariff exemptions for certain construction materials. We're trying to figure out what we can do, and we don't want to step into the business of states, counties, and municipal governments, he told the Examiner. I think everything is on the table. Since taking office, Trump has invoked national emergency powers nine times, including an August crime emergency to confront crime rates in Washington, D.C."
President Trump may declare a national housing emergency this fall in response to soaring prices and limited supply. Administration officials are directly studying options to standardize local building and zoning codes and to decrease closing costs. Consideration is being given to tariff exemptions for certain construction materials. Officials seek solutions that address affordability and supply constraints while avoiding overreach into state, county, and municipal authority, and indicate that a wide range of options remains under consideration. Since taking office, Trump has invoked national emergency powers nine times, including an August crime emergency focused on Washington, D.C.
Read at www.housingwire.com
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