The future is now

The Future is Now – Jeffrey Taylor on President Trump’s Impact on Housing

CTW Features

Jeffrey C. Taylor, Co-Founder and Managing Director at Digital Risk LLC, was recently published in CTW Features’ article titled “The Future is now” regarding the impact of the Trump Presidency and his policies on the housing industry.

The most prevalent question of the Trump Presidency is its effect on housing. Republicans and Democrats have contrasting opinions on the expectations. Positive impacts are speculated because Mr. Trump made his bones in real estate and his policies are favorable to businesses.

The most prevalent question of the Trump Presidency is its effect on housing. Republicans and Democrats have contrasting opinions on the expectations. Positive impacts are speculated because Mr. Trump made his bones in real estate and his policies are favorable to businesses.

Jeff is quoted as saying, “If Trump softens regulations on lenders, it may also lower the costs of compliance, bringing back more small community banks to compete with bigger banks and boosting bank profits – all of which can increase credit availability.” He goes on to explain that “More credit for builders means they can increase production and housing inventory. And deregulation could reduce costs for builders, making it easier for them to construct affordable housing.”

On the other hand, Jeff shares that the first-time buyer market may be negatively impacted due to rising interest rates, which hurt affordability. Additionally, Mr. Trump’s tough immigration stance is also likely to keep immigrants out of the country and the workforce—“another blow to homebuilders who rely on immigrants for construction jobs,” Jeff says.

To read Jeffrey Taylor’s comments and insight from other housing experts quoted in the article, read the full piece here.

 

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