Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall as the White House looks to highlight key issues for midterm campaign voters. …Bessent said housing affordability would be a critical leg of Republicans’ 2026 midterm election platform. Bessent declined to list any specific actions the president may take, but he suggested that administration officials are directly studying ways to standardize local building and zoning codes and decrease closing costs. President Trump has repeatedly used emergency declarations to avoid having to send legislation to Congress for approval. Some of those, particularly the emergency law he cited to institute his tariff regime, have faced pushback in federal court. …Trump also spoke out on the issue during the campaign and said he wants to open up federal land for housing development and pledged to help with affordability by eliminating regulations.
In related coverage:
- Miranda Jeyaretnam in Time: Trump May Declare a National Housing Emergency: What to Know
- Max Sexton in Mortgage Professional: Trump may declare housing emergency to address affordability issues