ARLINGTON (Virginia): President Donald Trump’s administration plans new measures to tackle the high cost of housing in the coming weeks, U.S. Treasury Secretary Scott Bessent told Reuters in an interview on Monday.
Emphasizing the urgency of the situation, Bessent described it as an “all hands on deck” challenge.
Bessent told the Washington Examiner in a separate interview that Trump may declare a national housing emergency this fall to address rising prices and dwindling supply.
The housing market has been hardest hit by the U.S. central bank’s tight monetary policy stance and high housing costs are a top concern for many Americans.
The Treasury secretary told Reuters rents were now dropping, which was important for Americans who do not own their homes.
He said he was expecting an increase in real estate transactions and home sales once interest rates began falling, which could encourage people who were locked into low mortgages to put their existing homes on the market.
Bessent said the Trump administration was also exploring ways to simplify permitting and encourage standardization to boost construction, which would boost housing supply and help to bring high costs down.
Affordability would be a big focus for the administration, Bessent said, noting Trump’s push to drive down prescription prices. - Reuters
Hence then, the article about us treasury confident supreme court will uphold trump tariffs legality was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( US Treasury confident Supreme Court will uphold Trump tariffs legality )
Also on site :
- Trump’s Christmas Eve calls with children asking about Santa’s whereabouts are steeped in partisan politics
- Update: Flood watch affecting 5 Freeway north of LA until early Friday evening caused by persistent downpours
- Ukraine-Russia war latest: Zelensky awaits Putin response to new peace plan while Christmas Eve blast kills 3 in Moscow