Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the new president and new policies. Today’s article is from CNBC: “Here’s what the trump presidency could mean for the housing market, experts say” talks about what President Trump plans to do to fix housing. First we can expect, deregulation to increase affordability, however, in some areas of the country this won’t help very much, only 10% compared to 25% like the article mentions. But we could all really use building timelines to be much quicker with new homes taking up to three years to build.

The second point in the article talks about the impact of homebuilding workforce; 30% of the construction industry is immigrants. If immigration gets a crackdown that could negatively effect building costs if builder have to pay U.S. workers more.

The final point we are looking at is tariffs. The U.S. is the number one importer of lumbar, and tariffs could make lumbar prices rise. Hopefully the campaign will look at tariffs strategically to keep lumbar prices low. Listen in as we discuss this and more!

Listen in as we discuss this and more!

Listen in to learn about this and more!

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