Regulatory Barriers to Residential Development and Homeownership
The Bottom Line
President Trump issued an Executive Order to cut government rules that officials say add $94,000 to the cost of building a single-family home. This move aims to make houses more affordable by increasing the supply of new construction and making it easier for families to get mortgages. The Department of Housing and Urban Development is now auditing its programs to remove rules that restrict residential development.
Key Statements
“About $94,000 in regulatory fees when you build a single family home is the final cost and that’s unsustainable.”
This quote provides the specific dollar amount the administration is targeting through deregulation.
“President Trump is making it easier for Americans to buy homes, an integral part of the American Dream.”
This post establishes the administration's goal of using executive action to promote homeownership.
Political Response
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