White House teases major housing affordability plan as prices squeeze Americans

By Fox News · Fox News

White House economic director Kevin Hassett said Sunday that the Trump administration is taking an all-hands-on-deck approach to tackling the housing affordability crisis. "Everybody in the whole Cabinet is working on trying to get housing to be more affordable," Hassett told "Fox News Sunday." He said the administration is preparing a sweeping proposal aimed at easing the burden on homebuyers, with details expected early in the new year. THE TOP 3 REASONS HOUSING HAS BECOME SO UNAFFORDABLE IN THE US MARKET – AND IT'S NOT WHAT YOU THINK "We are going to have a plan, a big plan, to announce sometime soon in the new year that's going to be very good news for the American people who feel like it’s not affordable to buy a home anymore," Hassett added. He also said that Cabinet officials plan to meet with President Donald Trump at Mar-a-Lago in the days after Christmas to pitch and review policy proposals. "We have a big list of housing ideas that have been vetted very carefully by the Cabinet secretaries to present to the president in a week or two and we will see which ones he picks," he added. TRUMP'S 50-YEAR MORTGAGE MAY BURDEN AMERICANS WITH MORE DEBT, EXPERTS SAY The administration’s push comes as housing affordability has become a political liability for Trump and a winning issue for Democrats. According to a Fox News national survey , 76% of voters rate the economy negatively, compared with 67% in July and 70% at the close of former President Joe Biden’s tenure. Voters largely blame Trump for the downturn, with about twice as many holding him responsible for the current economy as Biden, and three times as many saying his policies have hurt them personally. At the same time, approval of Trump’s handling of the economy has dropped to a new low, while disapproval of his overall job performance has climbed to record highs, even among some of his core supporters. Meanwhile, Democrats leaned heavily on affordability themes in state and local elections this fall and i…