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Wednesday, July 1, 2026
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Article The Guardian Business

Trump’s affordability crisis hits his supporters hardest as he calls housing bill of ‘minor importance’

The Guardian Business July 1, 2026 · 11:00 am Read Original
Neutral -4.0
−100 Bearish 0 +100 Bullish
Trump’s affordability crisis hits his supporters hardest as he calls housing bill of ‘minor importance’

A housing shortfall, record home costs and cuts to subsidies are intensifying the US affordability crunchOf the various dimensions of the affordability crisis weighing on US families, housing probably weighs heaviest. The typical home price has risen above five times the annual income of the typical family. The monthly cost of owning a home has hit record highs.The US faces a housing shortfall of millions of homes. But builders are not rushing to meet the shortfall. The supply of new homes declined over 14% in May, compared to May of 2025. Moody’s Analytics expects single-family and multifamily residential investment to contract every year between now and 2030. Continue reading...

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Article Info
Source The Guardian Business
Published Jul 1, 2026 · 11:00 am
Article ID hirgnfd
Original URL Open source
Sentiment Signal
Neutral -4.0
−100Neutral+100
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