Industry News: Trump’s Plan For Housing, Fed Cuts Rates, and Building Homes For Veterans
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Episode Overview
In today’s episode, Ryan Glick is joined by co-host Charles Covey for analysis of the recent election and its potential impacts on the housing market. With a new administration on the horizon, there are many changes expected in the real estate industry. Charles shares his perspective on three major topics that could shape the future of land development: deregulation, the construction workforce, and tariffs.
The discussion kicks off with Trump’s proposals to slash regulations that drive up housing costs. While deregulation could reduce costs, Charles points out the challenges of implementing changes at the federal level due to local and state regulations. He offers insights on why a collaborative approach between states and a dedicated housing czar could be a game-changer in tackling red tape in land development.
Next, they explore the impact of immigration policies on the construction workforce. With 31% of construction workers being immigrants, Charles explains the potential risks of mass deportations and how that could disrupt the industry. He emphasizes the need for better immigration programs that streamline processes and support the workforce that is essential to keeping housing costs manageable.
The third topic focuses on tariffs and their implications for building costs. Charles weighs in on Trump’s proposed tariffs on raw building materials and how this could drive up prices for homebuyers. However, he remains cautiously optimistic, noting that lower taxes could offset some of the increased costs, potentially leading to a net positive outcome for the American consumer.
In the spirit of Veterans Day, Ryan highlights the efforts of the Gary Sinise Foundation in building mortgage-free homes for veterans. They reflect on the challenges veterans face, particularly in finding stable housing, and applaud organizations that are making a tangible difference in their lives.