Huringa founder and CEO Melody Wright analyzes the market situation as Americans trust home ownership by ‘Making Money.’
The annual report of the Council of Economic Advisers indicates that increasing the housing supply and reducing red tape will help address the problem of housing affordability in the US.
“The bureaucrat tax not only adds more than $100,000 to the cost of a home; it is also a barrier to housing,” the report said.
“Under the Trump Administration, the Federal government has taken major steps to reduce the burden on home builders imposed by Federal laws. Reforms at the State and local levels to address bureaucratic six-figure tax sources will greatly improve the ability of supply to keep pace with strong demand,” the report said.
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President Donald Trump addresses reporters before answering questions before boarding Air Force One on April 10, 2026 at Joint Base Andrews, Md. (Wina McNamee/Getty Images/Getty Images)
“If housing construction and single-family housing growth had continued at historic rates instead of declining sharply after 2008, there would be 10 million or more single-family homes today,” the report said.
The document asserts that the nation is “in the midst of a national housing crisis that has reached historic levels due to the policies of the previous Administration.”
“Census New Residential Sales data show that the share of new homes available for less than $300,000 has fallen from 1-in-2 in 2019 to 1-in-6 in 2024,” the report said.
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An aerial view of single-family homes line streets on April 2, 2026 in Thousand Oaks, California (Kevin Carter / Getty Images / Getty Images)
This document shows that the current crackdown on illegal immigration is helping to solve the housing issue.
“The Trump Administration is also determined to address the needs of real estate drivers competing with American families. First and foremost, President Trump has secured the US border and rescinded the open borders policy of the Biden Administration that led to illegal immigrants bidding up rents and housing prices. In addition, President Trump issued an Executive Order to prevent institutional investors from buying any other property in the US Congress than what they can take home. incorporate the policy into law,” he reads. this report.
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President Donald Trump waves to the media after departing Air Force One at Miami International Airport on April 11, 2026 in Miami, Fla. (Photos by Tasos Katopodis/Getty Images)
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“The Trump Administration has shifted economic policy away from the Biden Administration’s approach of government-driven demand and government-disruptive supply to a new environment of private-sector-driven demand and healthy supply created by repeal, tax relief for growth, and America First trade,” the report said. “By boosting the economy, these policies have caused the 10-year Treasury bond yield to drop by half a percentage point, putting downward pressure on mortgage rates. President Trump also initiated a plan for Fannie Mae and Freddie Mac to buy $200 billion worth of mortgage bonds to further reduce housing prices. The 2025 rate, which promises huge savings for Americans without increasing of house prices quickly.”
