Homebuilders are looking forward to a housing market boom as President-elect Donald Trump’s administration prepares to roll back regulations and bolster the economy. Industry leaders are optimistic that his policies will pave the way for substantial growth.
Builder confidence is on the rise, with the National Association of Home Builders (NAHB) reporting improved sentiment for three consecutive months. Fannie Mae forecasts a 7.2% increase in new-home sales by 2025, a promising outlook for builders across the country.
Builders are particularly excited about the possibility of regulatory relief. Federal wetlands permits and energy efficiency standards, seen as significant hurdles, could be eased under Trump’s leadership. Alicia Huey of AGH Homes in Alabama noted how such rules have complicated her projects in the past.
Huey recalled one project where permitting delays made progress nearly impossible, frustrating her clients. Builders anticipate a more efficient process that eliminates these roadblocks, allowing them to meet growing housing demand.
Carl Harris, NAHB chairman, said he expects increased activity as mortgage rates stabilize and confidence in the economy grows. “This is the best environment we’ve had in years,” Harris said.
As Trump’s administration takes shape, builders are preparing for a housing market poised for significant expansion.
