Trump administration divided over housing order
The White House has grappled with how to address the cost of living ahead of the midterms.
The Trump administration finds itself divided over an executive order aimed at improving housing affordability, according to sources familiar with the discussions. With the midterms approaching in less than two weeks, the administration is grappling with the rising cost of living. A six-section draft, seen by Semafor, proposes easing mortgage insurance cancellation, establishing an interagency task force on manufactured housing, allowing more homeowners to refinance without title insurance, and directing the Agriculture and VA departments to lower interest rates for single-family home loans.
White House Director Bill Pulte is urging the president to sign the order this week, while others within the administration are hesitant. Housing groups have raised concerns about certain provisions, warning that they could potentially drive up prices. The White House and Pulte have declined to comment on the matter. One industry official emphasized that while stabilizing housing costs is desirable, the changes should be implemented cautiously and with substance.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
