President Donald Trump issued an executive order that seeks to lower the cost and increase the supply of housing.
Specifically, Trump ordered the heads of all executive departments and agencies "to deliver emergency price relief, consistent with applicable law." This includes pursuing appropriate actions to: lower the cost of housing and expand housing supply; eliminate unnecessary administrative expenses and rent-seeking practices that increase healthcare costs; eliminate counterproductive requirements that raise the costs of home appliances; and create employment opportunities for American workers, including drawing discouraged workers into the labor force.
Industry reaction
“NAHB commends President Trump for acting on day one to make housing a national priority. President Trump understands that America is facing a housing affordability crisis and the only way out of this crisis is to remove barriers like unnecessary and costly regulations that are raising housing costs and preventing builders from building more attainable, affordable housing. NAHB has released a 10-point housing plan to remove the impediments to increasing the nation’s housing supply and we look forward to working with the Trump administration and Congress to enact sound policies that will allow builders to boost housing production and affordability,” says Carl Harris, chairman of the National Association of Home Builders.
