Recently, following discussions about potential emergency measures for the housing crisis, President Donald Trump made a promise to make homeownership accessible to more people.
In a video statement during the National Mall Housing and Urban Development Event, he declared, “Affordable homeownership is a vital aspect of the American dream, and we strive to turn that dream into reality for millions of Americans daily.” He added, “Together, we can ensure millions of families own their homes.”
Trump’s remarks address the declining affordability in the housing market and a shrinking homeowner demographic. Data from the Census Bureau indicates that the homeownership rate in the U.S. dropped to 65% in the second quarter of 2025, marking its lowest since 2019.
He emphasized his experience in real estate by stating, “I know what it means to build.” Yet, he didn’t provide extensive details on how he plans to expand homeownership.
Despite the vagueness, Trump reiterated his key campaign promises aimed at improving this situation, including reducing regulations that increase costs for builders. “We’re cutting down on delays and eliminating numerous burdensome regulations, all while addressing inflation,” he said. “We inherited a severe inflation crisis. Now, we’ve tackled it, lowered mortgage rates, and decreased energy expenses, resulting in notable economic growth.”
These comments come on the heels of Trump hinting at possible declarations of a national housing emergency due to ongoing affordability challenges.
Treasury Secretary Scott Bessent mentioned that the administration is evaluating emergency strategies to lower closing costs and streamline the often confusing local building and zoning regulations across the country.
The backdrop of this discussion is the significant struggle many Americans face in purchasing homes. Housing affordability is reportedly at its lowest level in four decades when compared to personal income, with nearly half of renting families spending over 30% of their income on rent.
However, any federal efforts to mitigate this housing crisis must consider the tough reality that many key housing policies are shaped state and local levels.
Trump’s remarks were made during HUD’s annual housing showcase, which highlights innovative construction techniques meant to lower production costs. This year’s event, part of the Semi-Kinken Tennial Jubilee celebrating the 250th anniversary of American independence, carries the theme “American Homes are the American Dream,” illustrating the progression of homeownership over two and a half centuries.
Hughes and HUD Secretary Scott Turner are emphasizing the importance of reducing regulations for home builders and enabling the private sector to take more initiative in addressing housing needs. Hughes noted, “Real solutions to the housing challenge lie in private sector innovation, which we support through this showcase. The creativity and determination of free-market innovators are vital to our nation’s success and crucial in keeping local housing costs manageable.”
