Federal Housing Finance Agency (FHFA) Director Bill Pulte is demanding that home builders ratchet up production on new housing.
In a post on X, Pulte declared, “Builders who do business with Fannie and Freddie (which is most builders) need to start building out their lot supply, including optioned land which is “ready to go”. More to come on our actions we will take.”
Pulte followed up another post that stated, “Builders need to do the right thing and build out those lots – NOW. And lenders need to do the right thing NOW!
Last October, President Trump posted on social media that homebuilders were “sitting on 2 million empty lots” and directed Pulte to “get Big Homebuilders going and, by so doing, help restore the American Dream!” However, the FHFA and its government-sponsored enterprises lack the regulatory authority to coerce homebuilders into meeting specific production levels.
Pulte also resumed his online attacks on the Federal Reserve chairman with a post that said, “Jerome Powell should resign, immediately.” Powell’s term ends in May, and he has repeatedly stated he had no plans to step down ahead of that scheduled conclusion.
with Pulte’s nose up Trump’s behind, its no surprise that he wants mortgage rates lower – because he’s gonna benefit from it – as most of Trump’s followers do! The charman of the federal reserve has everbody’s interest at heart – not his bottom line
You’re a stereotypical Democrat dumbass who doesn’t understand it’s ok to benefit from reform. Everyone will benefit. TDS is making people wish failure and the reality is nobody has to loose for everyone to win. Factors that drove economic conditions in the past are not the same now principles are like supply and demand.
Mortgage rates need to keep coming down. Builders need to produce more supply. Big Corporations need to be restricted from competing against primary resident buyers. Building and energy costs need to come down more. Trump is trying to make all that happen. Not everything has to always be about “The Resistance”. There are many who “hate” Trump who would favor eliminating private property ownership altogether. What kind of real estate person would countenance such a thing?
maybe they should focus on policy that makes it economically viable to build and certainty for the buyers to buy.
Isn’t that what “they” are trying to do here?
What a fraud these two are. There’s no great conspiracy by which builders are hoarding lots. They are in business to make money and if the market is there to purchase their product at a price they can deliver that product, they will build it.
I have a better idea! Why don’t we re-direct all those millions of $$ from Trump’s presidential library and White House ball room to building housing? Surely Bill knows how to deliver them at an affordable price?
Home prices are too high and so are interest rates. First time homeowners and move up buyers can’t afford to buy at these prices and rates. Inventory is too low because too many potential home sellers are sitting on 2.5% to 3.5% mortgages. Builders don’t want to expand their production because they’re afraid of a slow absorption rate. They won’t be forced to build but they will be incentivized. The Trump Administration is trying to prime the pump. And that’s a good thing to increase affordability.
Individual lots are harder to build on, than open land. With higher interest rates, it’s not the most feasible way to go. Don’t forget the fees connected to building these days. Somebody needs to do something about that. They’re totally out of control.
Exactly. They come in there and they buy up all the land and then they falsely inflate the prices.
Will Pulte direct his own company to fill up all their vacant lots? With building material tied to the tariffs? His company should become a NON-PROFIT to reduce housing prices.