HousingWire Daily Is building more homes the answer to Trump's 'national housing emergency'?
11 snips
Sep 3, 2025 
Logan Mohtashami, a lead analyst and expert in housing market dynamics, joins to dissect the notion of a national housing emergency. He evaluates the Trump administration's proposed solutions, scrutinizing whether simply building more homes can truly solve the crisis. The conversation dives into the challenges builders face, economic trends impacting the housing market, and the skepticism surrounding political promises. Mohtashami also provides insights into recent inventory levels and mortgage rates, shedding light on shifts in home pricing.
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Regulation Cuts Won’t Fix Supply Alone
- Scott Bessent signaled possible regulatory actions to speed and cheapen building rather than an actual supply shortage claim.
- Logan says such moves won't materially shift national housing dynamics without bigger incentives.
Rates Drive Builder Behavior
- Higher mortgage rates in 2022 increased inventory and restrained builders, showing rates drive supply dynamics.
- Logan argues builders won't ramp construction while rates threaten profit margins.
Builders Follow Demand, Not Public Wishes
- Builders sell into their demand curve and won't build to flood the market because they are profit-driven businesses.
- Logan says only government paying builders to lose money would force large-scale building.