Items Tagged with 'Donald Trump'

ARTICLES

  • Tariff wars: What do Walmart and Target prices have to do with the housing market?

    Bond investors who set mortgage rates keep a wary eye on inflation
    When a top executive at Walmart told Wall Street analysts last week that tariffs on Chinese goods would lead to higher prices for his customers, people who follow the housing and mortgage industry felt a sense of foreboding. Higher consumer prices lead to higher inflation, which leads to higher mortgage rates.
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  • Hey, Mr. President, what about removing lumber tariffs to make homes affordable?

    Tariffs on Canadian lumber add $9,000 to the price of a new house, NAHB said
    Canadian softwood lumber used to build U.S. homes currently carry tariffs of about 20%. That adds $9,000 to the price of a typical new home and more than $3,000 to the cost of a multifamily unit, NAHB said. At a time when all eyes are on U.S. housing affordability issues, the trade dispute with Canada is "needlessly driving up housing costs," Greg Ugalde, chairman of NAHB, said in a statement.
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  • Trump: "Many geniuses" are working to end government control of Fannie and Freddie

    Tells NAR audience administration will work closely with Congress to pass critical reforms
    President Donald Trump spoke about Fannie Mae and Freddie Mac for two minutes near the end of a one-hour speech at the National Association of Realtors convention in Washington on Friday. In addition to HousingWire’s story on Trump’s speech, here are the president’s complete and unedited comments on housing-finance reform.
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  • Trump announces in NAR speech that he's lifting steel and aluminum tariffs

    NAR tweets: "MAGA hats will not be handed out at the door"
    President Donald Trump used his one-hour speech at the National Association of Realtors convention on Friday to announce the U.S. would be lifting steel and aluminum tariffs on Canada and Mexico. The president also said he fondly recalled his decades in the real estate industry and said he plans to return to it when he’s out of office.
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  • NAHB chief economist: Tariff tweets could be signaling pricier U.S. homes

    Higher construction costs would be passed on to homebuyers
    President Donald Trump’s tweets escalating the U.S.-China trade war weren’t just a threat to the stock markets and the agricultural sector. Housing could be affected as well. "Additional tariffs on a country like China, where we get many of our construction products, are an additional tax on homes," Robert Dietz, chief economist at the National Association of Home Builders, said in an interview.
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  • From HW Magazine

    HOT or NOT May: What's trending in housing right now

    Trump administration looks into housing finance reform
    President Donald Trump directed the U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury to compile reports on the reform of government-sponsored enterprises Fannie Mae and Freddie Mac. But Office of the Inspector General for the Department of Housing and Urban Development is looking into whether the White House interfered with aid approved for Puerto Rico as the island recovered from 2017’s Hurricane Maria.
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  • Trump calls on Federal Reserve to lower interest rates

    Wants return of quantitative easing
    The Federal Reserve, which has increased interest rates numerous times in the last few years, recently signaled that it does not plan to increase interest rates any more for the remainder of this year. But if it was up to President Donald Trump, the Fed would be cutting interest rates instead.
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