Trump administration deals with affordable housing problem

 American Action News:

President Donald Trump’s pick to lead the Department of Housing and Urban Development (HUD) says he will make American housing affordable again by making it “easier to build” without state intrusion.

HUD Secretary Scott Turner’s conservative agenda for the cabinet-level agency involves taking a critical look at the regulatory regime that former President Joe Biden expanded. Turner now has the task of working to reverse housing costs that hit record highs under Biden and largely blamed him for causing them in an interview days before the Senate confirmed him on Wednesday in a 55-44 vote. Turner was sworn in on Wednesday.

“It is our desire that we can build as many homes as possible — quality living spaces of all kinds for the American people,” Turner told the Daily Caller News Foundation, mentioning “millions” as his goal.

A spokesperson for Turner said he “is the person we need to reform failed federal housing policies, cut red tape, and find innovative solutions to expand access to quality, affordable housing.”

Turner pledged to carry out Trump’s day-one executive order on “defeating the cost-of-living crisis” that blasted Biden’s “radical policies designed to weaken American production.”

Biden’s HUD drew criticism for, among other things, imposing green energy standards on federally funded housing that critics argued would drive up costs.

“The regulatory burden is extremely difficult in our country,” Turner told the DCNF. He promised to review HUD’s policies and work with private sector partners to “ease the regulatory process to make it better, to make it more flexible.” Turner referenced data showing that government regulation at all levels comprises about a quarter of what it costs to build a home in the U.S.

Home prices reached an all-time high last March, rising 6.5% nationwide and 8.2% in America’s 10 largest cities. The last year of Biden’s presidency had the lowest rate of home sales since 1995, according to the National Association of Realtors.
...

One of the reasons Texas is leading the nation in population growth is that it does not over-regulate the housing market.  It is much easier for developers to acquire large tracts and install utilities and roads in Texas.

See also:

Swamp starts draining itself as 20,000 deep-staters accept Trump buyout: Report

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