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Trump signs executive orders aimed at addressing home affordability concerns ahead of midterms
The orders aim to boost homebuilding and expand mortgage access by cutting regulations and simplifying lending, with mortgage rates at 6.05% in February, the National Association of Realtors said.
- On Friday, President Donald Trump signed two executive orders directing federal agencies to ease housing regulations and the Consumer Financial Protection Bureau to expand mortgage lending before November's elections.
- Housing pressures driven by construction shortfalls and higher rates have made homes less affordable, while on Thursday the Senate passed a bipartisan housing bill supported by the White House on March 2.
- Federal agencies are ordered to update regulations slowing homebuilding, curtail some 'green' mandates, direct the EPA and Secretary of the Army to review water permits, and simplify historic-review guidance aligning tax credits with Opportunity Zone breaks.
- The administration expects loosening mortgage rules to boost lender competition and lower borrowing costs, with prospective homebuyers seeing effects within months amid a $398,000 February median existing-home price and 6.05% average 30-year mortgage rate in February.
- The plan creates tradeoffs between faster construction and environmental protections, with outcomes uncertain due to state and local policies and mortgage rate changes, officials say.
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27 Articles
Trump’s Push for Affordable Housing: Executive Orders Signed
Trump’s Push for Affordable Housing: Executive Orders Signed U.S. President Donald Trump has signed two significant executive orders aimed at improving housing affordability in America, the White House announced on Friday.The first order targets the elimination of unnecessary regulatory barriers that delay housing construction and subsequently increase costs. This move is intended to streamline processes and make housing development more efficie…
President Trump signs executive orders aimed at addressing home affordability concerns ahead of midterms
President Trump signed executive orders aimed at improving housing affordability by reducing federal and mortgage-related regulatory burdens, affecting builders, smaller community banks and potential homebuyers. The intention is to ease the construction of more homes and simplify the mortgage process.
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