PHOENIX — The Trump administration could declare a "national housing emergency" this fall.

Treasury Secretary Scott Bessent told the Washington Examiner this would be part of the Republicans' midterm strategy: to focus on housing affordability.

Bessent said the White House is studying ways to standardize building codes, and lower closing costs. The Treasury Secretary addressed housing affordability during an interview with MSNBC in August.

"We're going to be looking at what we can do for housing, for student loans, for overall," Bessent said. "Because there is an affordability crisis."

This year, President Trump said he believes high interest rates are damaging the housing market. Bessent agrees and said interest rate cuts would help make housing more affordable.

Locally, Governor K

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