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US Homebuilders Working on Plan to Develop as Many as 1 Million ‘Trump Homes,’ Bloomberg News Reports
Lennar and Taylor Morrison aim to launch a private rent-to-own program that could provide more than $250 billion in housing for up to 1 million entry-level homes nationwide.
- On Tuesday, Bloomberg reported Lennar Corp. and Taylor Morrison Home Corp. are working on a privately funded pathway-to-ownership program, and shares of the builders rose 4%.
- With the median home sale price set at roughly $428,000, many Americans remain priced out amid supply shortages and elevated interest rates, while builders have discussed aiming for as many as one million homes worth more than $250 billion.
- Builders would sell entry-level homes to private investors, who rent them to tenants and credit part of monthly payments toward a down payment after roughly three years, with investors bearing initial losses and federally-backed mortgages undecided.
- While some experts told Newsweek that the idea sounds promising, experts and industry observers expressed skepticism about implementation, and White House officials said the plan is not being actively considered.
- The proposal, dubbed `Trump Homes` by industry players, sits alongside other Trump housing moves including directing Fannie Mae and Freddie Mac and a Los Angeles wildfire rebuild executive order, while President Donald Trump said, `People that own their homes: We're going to keep them wealthy...`.
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15 Articles
Fox Business
The New York LedgerHomebuilders reportedly developing 'Trump homes' program to improve affordability
Homebuilders are reportedly developing a plan to address prospective buyers' concerns about affordability with what they're calling "Trump homes" that would cater to first-time homebuyers.Bloomberg, citing sources familiar with the matter, reported that homebuilders, including Lennar Corp., are developing a proposal that would have builders sell homes as part of a program backed by private investors who would help finance the program.The outlet …
Homebuilders plan to fix the affordability crisis through the construction of 'Trump Homes' · American Wire News
Homebuilders are reportedly piecing together a massive plan to fix the affordability crisis through the construction of “Trump Homes.” According to Bloomberg, the remarkable plan “calls for builders to sell entry-level homes into a pathway-to-ownership program funded by private investors.” One way this might work is that investors would rent a home out to tenants — and after a certain number of years, the tenants’ monthly rent would start counti…
'Trump homes' plan promises to help Americans buy houses in 3 years, but there's one big problem experts see
Homebuilders Lennar Corp and Taylor Morrison Home Corp have proposed a new idea called “Trump homes.” The plan is designed to create a pathway-to-ownership program that helps entry-level buyers get a house. This new approach could make the housing market more accessible and affordable for everyday Americans. The housing market is extremely difficult right now. Many people find it nearly impossible to afford a home, especially in high-demand area…
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