The U.S. housing industry is gearing up for a surge in activity as President-elect Donald Trump prepares to take office. Builders are optimistic that his administration’s pro-growth policies will fuel a boom in new-home construction.
Builder sentiment has been climbing steadily, with the National Association of Home Builders (NAHB) reporting three consecutive months of improved confidence. Projections from Fannie Mae indicate a 7.2% rise in new-home sales by 2025, bolstering optimism within the industry.
Much of the excitement stems from anticipated regulatory rollbacks. Builders hope Trump will eliminate federal wetlands permitting requirements and relax strict energy efficiency standards that have been viewed as barriers to progress. Alicia Huey of AGH Homes in Alabama highlighted how these regulations have caused delays and cost overruns.
Huey shared a client’s frustration over a wetlands permitting delay that derailed a straightforward project. Builders believe that Trump’s administration will prioritize eliminating such inefficiencies, paving the way for growth.
Carl Harris, NAHB chairman, expressed enthusiasm for what lies ahead. “I’m feeling as good as I’ve felt for a few years,” Harris said, pointing to stable mortgage rates and increasing demand as reasons for optimism.
With Trump in the White House, the housing market appears poised to thrive under policies that prioritize efficiency and economic expansion.
