And the three policies he’s pursuing will only worsen it
Friends,
What’s the biggest single economic challenge facing working and middle-class Americans? Housing. Its supply isn’t nearly keeping up with demand. This means higher home prices and higher rents.
Data released by the Census Bureau yesterday shows fewer housing starts in May than in any month since the 2020 pandemic.
So what’s Trump doing about the slump in new housing? Three things. All will worsen it.
1. He’s put a tariff on Canadian lumber, which is driving up the cost of a key component of new homes. Trump is considering even higher tariffs on wood materials including lumber.
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