Trump Signals Possible National Housing Emergency

The Trump administration is preparing to take decisive action on one of the most pressing issues facing American families: the cost of housing.

U.S. Treasury Secretary Scott Bessent revealed this week that President Trump is seriously considering declaring a national housing emergency this fall a powerful move aimed at combating soaring prices and a housing supply crunch that has only worsened under Biden-era policies.

“This is an all hands on deck situation,” Bessent said, emphasizing the administration’s urgency in tackling what has become a nationwide affordability crisis.

The U.S. housing market has been strangled by the Federal Reserve’s prolonged high interest rates, pricing out working-class families while locking homeowners into stagnant positions with record-low mortgage rates. And while the Biden administration stood by with empty promises and failed programs, Trump is poised to act.

Here’s what we know so far:

• Rents are starting to fall, providing some relief for renters but that’s not enough, especially when homeownership remains out of reach for millions.

• Interest rates remain too high, keeping younger Americans from buying their first homes and discouraging existing homeowners from selling.

• New home construction is lagging, in part due to overregulation and a tangled mess of local, state, and federal permitting systems.

Trump’s team is focused on streamlining permitting, promoting uniform building standards, and cutting red tape to increase supply a free-market approach that actually encourages growth, instead of more handouts and government dependency.

According to recent Census data, homeownership among Americans under 35 has dropped to just 38%, down from nearly 44% in 2010. Meanwhile, Biden’s inflation crisis has driven median home prices up over 40% since 2020, pushing the dream of owning a home further out of reach for countless Americans.

But it doesn’t stop there. Bessent says affordability is front and center for this administration, much like Trump’s successful push to reduce prescription drug prices in his first term.

While Democrats have spent years offering excuses, pushing rent control schemes, and blaming landlords, Trump is laying the groundwork for actual reform. A national housing emergency declaration would unlock new federal tools, cut through bureaucratic red tape, and bring attention to a crisis that’s been ignored for far too long.

As the 2024 election approaches, this bold plan may be a game-changer. Housing affordability is consistently ranked among the top three issues for American voters, and Trump is the only candidate with both the experience and the will to act decisively.

It’s time to rebuild the American Dream and Trump is ready to lead the charge.

Share this story with others who care about restoring affordability and opportunity in our country, or subscribe to our newsletter for more updates.