White House economic director Kevin Hassett said Sunday that the Trump administration is prioritizing efforts to improve housing affordability. “Everybody in the whole Cabinet is working on trying to get housing to be more affordable,” Hassett told Fox News Sunday.
He mentioned that a comprehensive proposal designed to alleviate the pressures on homebuyers is currently being developed, with details anticipated early in the new year.
Earlier this month, President Donald Trump and members of the White House boasted about inflation coming in at 2.7 percent for November, which was lower than expected. Members of the president’s administration are arguing that the U.S. economy is set to take off in 2026.
Paul Ashworth, Oxford Economics’ chief North America economist, was especially shocked by the numbers, particularly the small rise in housing costs. Continue reading…