HousingWire Daily James Kleimann on major housing policy shifts over the last two weeks
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Feb 4, 2025 James Kleimann, Managing Editor of HousingWire, shares his insights on the whirlwind of housing policy changes under the new Trump administration. He discusses the recent tariff changes affecting building costs and their implications for housing affordability. The conversation delves into the evolving role of the CFPB and the regulatory uncertainties facing mortgage banks. Kleimann also examines the potential exit of GSEs from conservatorship, highlighting the importance of a balanced approach to housing regulation amid ongoing market challenges.
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Tariff Impact on Housing
- Tariffs on Canadian lumber significantly impact US home prices, as it represents 30% of US homebuilding wood.
- This could lead to increased housing costs for homebuyers due to rising material prices.
NAHB's Appeal to Trump
- The National Association of Home Builders (NAHB) appealed to Trump's executive order on lowering housing costs.
- They requested an exemption for building materials from the proposed tariffs to avoid increasing housing prices.
Trump's Tariff Strategy
- Trump's tariff actions might be a negotiation tactic rather than a definitive policy.
- Actual, universal tariffs typically require years to negotiate and implement.