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Squeezing Builders Isn’t the Way to Lower Housing Costs
3 Articles
3 Articles
Squeezing Builders Isn’t the Way to Lower Housing Costs
America’s large publicly traded homebuilders find themselves in the crosshairs of President Donald Trump and Federal Housing Finance Agency Director Bill Pulte. Trump recently took to social media to urge the “big homebuilders” to build more . Pulte was quick to join in, suggesting that their size carried with it “great responsibility .”
Amidst the ongoing downturn in the US housing market, rising home prices nationwide, sluggish sales, and stubbornly high mortgage rates, President Trump has called on Fannie Mae and Freddie Mac to "get the big builders moving," claiming that builders "hold a record 2 million vacant lots." But how exactly does Trump want the two agencies to get the builders moving? On October 5th of this year, Trump posted on Truth Social, accusing "big home buil…
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