Facing Political Pressure, Trump Seeks Answer to Rising Housing Costs
The New York Times • • business
Key Points:
- President Trump has pledged to implement one of the most aggressive plans in history to lower housing costs amid rising prices, mortgage rates, and rents that strain many American families.
- Top aides have been meeting to develop proposals aimed at increasing housing construction, reducing mortgage fees, easing taxes on home sales, and allowing use of college and retirement funds for down payments.
- The administration plans to push for government actions to reduce mortgage costs and is pressuring the Federal Reserve to lower interest rates as part of its housing affordability efforts.
- Political challenges persist, with some proposals requiring Congressional approval amid deep divisions, and internal disagreements within the administration about the necessity of a broad housing campaign.
- Some officials view housing cost issues as primarily affecting blue states,
