The Trump administration has issued an all-hands-on-deck call to come up with plans to address the problems impacting affordable homeownership.
In a Fox News Sunday interview, White House economic council director Kevin Hassett stated the focus on lowering housing costs is being addressed by the entire Trump Cabinet.
“We have got, like, everybody in the whole Cabinet working on trying to get housing to be more affordable,” he said. “We will have a plan – a big plan – to announce sometime soon in the new year that will be very good news for the American people who feel like it’s not affordable to buy a home anymore.”
Hassett pointed out that the average mortgage payment for “the typical middle-class family buying a first-time home went up by $14,000 per year” during the Biden administration. He promised that the Trump White House will offer “a plan that will make that go almost completely reversed,” although he offered no details on the plan or a timeline on when it would be unveiled.
“I expect most of us will be down for a chunk of the week after Christmas at Mar-a-Lago going through all the plans for next year,” he added. “And definitely, we have a big list of housing ideas that have been vetted carefully by the Cabinet secretaries to present to the president in a week or two. And we will see which ones he picks.”
