The Trump administration’s grand plan to fix America’s housing affordability crisis leans heavily on deregulation, and Wall Street is increasingly unified in its skepticism that it will actually work.
In a new research note published Thursday, UBS analysts assessed the Economic Report of the President, which laid out the administration’s most detailed housing strategy to date and found that the U.S. is short roughly 10 million homes, even higher than UBS’s own estimate of approximately 7 million units. The verdict: well-intentioned, directionally right in places, but unlikely to provide the “adrenaline shot” the housing market needs heading into the midterms.
