As the nation reacts to President-elect Donald Trump’s victory, real estate investors wonder what a second Trump term could mean for the real estate market. The U.S. currently lacks 7 million affordable homes, leaving many first-time buyers priced out.
An article in Chicago Agent Magazine summarizes Trump’s potential strategies to tackle this issue. In a September speech, he proposed using federal land for housing development, stating that regulation accounts for 30% of home costs. He suggested creating low-tax, low-regulation zones for large-scale construction.
He also expressed a desire to reduce the corporate tax rate from 21% to 15% for U.S. manufacturers, which could stimulate housing activity and potentially lower home prices, according to Mark Hamrick of Bankrate. Trump mentioned plans to address supply chain issues and reduce regulations for homebuilders, although specifics were not provided.
Additionally, Trump’s “mass deportation” plan could impact housing. He has promised the largest deportation operation in U.S. history, with his running mate, J.D. Vance, claiming undocumented immigrants contribute to rising housing costs.
[Source: ChicagoAgent Magazine: https://chicagoagentmagazine.com/2024/11/06/donald-trump-win-housing-policies/ ]
In any case, home ownership is currently and will remain out of reach for many Americans on the short term. At TownSquare Capital, we are bullish on the multifamily apartment investment space to address the need for housing and are working hard to find opportunities to bring to our investors..
