Source: Fortune
Summary
President Trump’s plan to make housing more affordable is struggling, with several proposals being shot down by Congress, the financial industry, or Trump himself. Despite promises of “aggressive housing reform plans,” the administration has failed to implement new policies, and mortgage rates have inched higher. Trump has wavered on the idea of bringing down housing costs, citing concerns about hurting existing homeowners. The White House has floated trial balloons, but many have been met with skepticism or dismissed outright.
Our Reading
The announcement sounds familiar.
Trump’s housing plan is sputtering, with proposals being met with skepticism or dismissed. The administration’s inertia on the issue comes as Americans express concerns about the cost of living. Trump’s remarks on housing have been inconsistent, and his support for certain policies has been lukewarm. The policies he does support may have little impact on prices. The strategy enters a familiar phase: struggling to deliver on promises.
The numbers tell a different story than Trump’s rhetoric.
Author: Evan Null
