Bessent Discusses Housing Emergency and Cost-Reduction Measures
TL;DR
Treasury Secretary Scott Bessent indicated that President Trump might consider tariff exclusions on construction supplies and declare a housing emergency to address the stalled housing market, which is affected by high costs, interest rates, and supply shortages, with potential measures including standardizing building codes and reducing closing costs.
Topics:top-newsbusiness#business#construction-costs#housing-affordability#housing-market#tariffs#trump-administration
- Bessent: Everything on table for housing affordability fixes Axios
- Trump Weighs Declaring National Housing Emergency, Bessent Says Bloomberg
- Bessent says Trump administration will tackle high housing costs with new measures Reuters
- Bessent floats potential tariff exclusions for some construction supplies MSN
- Bessent predicts 'big economic pickup in 2026' and possible national housing emergency declaration this fall Washington Examiner
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