What Trump's national housing emergency would mean for new homebuyers

Will President Donald Trump attempt to remedy the housing crisis with a plan of attack? It’s beginning to look that way.

On Sept. 1, Treasury Secretary Scott Bessent said that the Trump administration is mulling the declaration of a national housing emergency to address high housing prices and limited inventory .

What it means: While details are still vague, any decrease in the purchase cost of a new home is welcome news. However, there are many hurdles to clear. The housing crisis has been a massive issue for several years and it won’t be resolved quickly.

What’s on the table:

The Trump administration is evaluating scenarios that would lower local zoning and building codes.

Officials are also seeking to reduc

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