Turner Says Florida, Texas Lead Housing Affordability as HUD Pushes Supply-Boosting Reforms
Updated
Updated · Fox News · Jul 14
Turner Says Florida, Texas Lead Housing Affordability as HUD Pushes Supply-Boosting Reforms
3 articles · Updated · Fox News · Jul 14
Summary
Florida and Texas are "ahead of the game" on housing affordability, HUD Secretary Scott Turner said, pointing to state policies that expand building opportunities and cut barriers to new construction.
High home prices, elevated mortgage rates and a persistent housing shortage have kept ownership out of reach for many Americans, making supply growth the administration's central affordability argument.
Turner said the Trump administration is pursuing the same approach nationally by easing regulation, lowering building costs and encouraging more homebuilding so supply can better match demand.
Philadelphia and Omaha were also cited as markets making progress, while builders say fast-growing, low-tax Sun Belt states have gained an edge by pairing population growth with easier zoning and permitting.