Former President Donald Trump is reportedly weighing the potential declaration of a national housing emergency if re-elected in 2024, aiming to address the rising cost of homeownership and rental prices across the country. His campaign suggests he may utilize federal authority to boost housing construction and remove what it calls “unnecessary” zoning laws to increase housing availability. Trump also indicated he might reallocate federal land for housing development to combat the ongoing affordability crisis.
The proposal comes as housing affordability continues to decline in many areas, with mortgage rates and home prices remaining high. While details of the plan remain limited, housing experts are skeptical about the effectiveness and legality of such a declaration, emphasizing the need for coordinated federal and local action, as well as Congressional support, to tackle deeply rooted structural issues in the housing market.
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