Trump demands homebuilders ramp up construction
Share and Follow


() President Donald Trump is pointing the finger at homebuilders when it comes to a national housing shortage.

The president says that builders are sitting on two million empty lots and wants companies to ramp up construction.

Trump has compared homebuilders to OPEC keeping oil prices high.

“They’re my friends. They’re very important to the success of our country but now that they can get financing, they have to start building homes,” Trump wrote on social media. “I’m asking Fannie Mae and Freddie Mac to get home builders going, and by doing so, help restore the American dream.”

Housing affordability was a top issue in the 2024 election, and Trump came into office promising to tackle it.

On his first day in office, he signed an executive order that directed federal agencies to deliver emergency pricing relief to lower housing costs and increase housing supply.

The most recent data available shows the supply of housing in the U.S. actually exceeds the demand for it, according to real estate company Refin. In August, the number of homes for sale actually rose 10.6% while the number of homes sold fell 2.6% compared to the same time last year.

One factor that could that could be driving that trend is cost. Redfin also found home prices were up by 1.5%, and that’s backed up by data from the census as well.

That shows the average price of a new home is more than half a million dollars as of August, and that’s up from the beginning of the year.

It’s unclear what Trump expects Fannie Mae and Freddie Mac, both mortgage companies, to do to incentivize homebuilders.

The National Association of Home Builders says regulatory obstacles with the government and the shortage of both labor and construction materials are hurdles to increasing construction.

“President Trump is right to focus on housing affordability and the NAHB agrees that getting more homes built is essential to restoring the American dream. Achieving that goal will require builders of all sizes, working with the administration, to overcome the complex government barriers that slow down the pace of new construction, and we have heard a lot of concerns from the housing industry that President Trump’s policies on things like tariffs and immigration might drive up prices for both construction materials and the labor used to build homes,” the organization said in a statement.

Share and Follow
You May Also Like
JD Vance prays divide with wife Usha will be bridged by God

JD Vance Seeks Divine Intervention to Heal Marital Rift with Wife Usha

Vice President JD Vance recently opened up about a significant aspect of…
Deadly wake-up call: Alleged frat hazing electrocution highlights student dangers in off-campus homes

Tragic Fraternity Hazing Incident Sparks Urgent Safety Concerns in Off-Campus Housing

A tragic incident involving a New Jersey college student has reignited concerns…
Stream It Or Skip It? 

Should You Stream or Pass?

Aileen: Queen of the Serial Killers, a provocative Netflix documentary directed by…
Kristi Noem defends $170M purchase of Gulfstream jets for DHS leaders

Massive Midwest Immigration Crackdown: Over 3,000 Arrests Unveiled by Noem

Officials from the Department of Homeland Security are highlighting numerous arrests made…
Ex-Army Sergeant Major sentenced for sexually assaulting teen soldier

Former Army Sergeant Major Receives Sentencing for Teen Soldier Assault: A Shocking Military Scandal Unveiled

A sergeant major has been sentenced to six months in prison for…
Illinois US Rep. candidate among 6 indicted in Broadview anti-ICE protests

Illinois Congressional Candidate Faces Indictment Following Broadview Protest Against ICE

CHICAGO ( ) Kat Abughazaleh, a congressional candidate from Illinois, is among…
Beach bliss turns chaotic as shark lunges at snorkeler: 'He could have ripped my arm off'

Beach Serenity Disrupted as Shark Incident Threatens Snorkeler: ‘He Could Have Severed My Arm

A Florida man is on the mend after a shark attack while…
How Andrew will have 'no one else to turn to' but Beatrice and Eugenie

Andrew Finds Support System in Daughters Beatrice and Eugenie

In a dramatic turn of events, Prince Andrew has faced an unparalleled…