January 20, 2025
HUD targets building codes while states control construction regulations
Emergency housing order targets regulations adding 25% to construction costs
šPublic PolicyāCivil Rights
On Jan. 20, 2025, President Trump signed the executive order āDelivering Emergency Price Relief for American Families,ā making housing affordability an immediate administration focus (The Mortgage Reports, https://themortgagereports.com/117108/emergency-price-relief-affect-on-housing-market).
Regulatory requirements account for 25% of the cost of constructing a new home, a statistic cited to justify the administrationās deregulation agenda (The Mortgage Reports, https://themortgagereports.com/117108/emergency-price-relief-affect-on-housing-market).
The executive order sets a target of reducing housing prices by 40%, which equates to a $135,000 savings on a $300,000 home purchase (Make Florida Your Home, https://www.makefloridayourhome.com/florida/down-payment-assistance/what-is-trumps-emergency-executive-order-for-price-relief-on-housing).
šPublic PolicyāCivil Rights
Test Your Knowledge
10
Q1
The National Association of Realtors opposed Trump's housing executive order.
Q2
Which federal department will partner with local governments to boost affordable housing development?
Q3
What percentage of new home construction costs come from regulatory requirements?
Q4
What federal program consolidation does Trump propose for housing assistance?
Q5
What group lost federal housing protections under Trump's executive order?
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Donald J. Trump
signed the executive order āDelivering Emergency Price Relief for American Familiesā on Jan. 20, 2025.
Bill Pulte
designated to lead Fannie Mae and Freddie Mac under the housing plan to expand funding and loan guarantees for first-time homebuyers and low-income families.