He also emphasized additional measures, such as restricting mortgages for undocumented immigrants and opening federal land for large-scale housing developments with minimal taxes and regulations: “The cost of new homes will be cut in half, and President Trump will end the housing affordability crisis.”
However, the extent of the impact remains uncertain. For Danielle Hale, chief economist at realtor.com, “the size and direction of a ‘Trump bump’ will depend on what campaign proposals ultimately become policy and when.”
While some regulatory changes could be implemented quickly, Hale said broader policies, including tax reforms and extensive deregulation, would require cooperation across multiple levels of government.
Realtor.com’s forecast also predicts that 2025 could bring the most balanced housing market in nearly a decade. Home prices are expected to rise by 3.7%, while rents are projected to remain steady with a slight decrease of 0.1%. Mortgage rates could gradually decline over the year.
Single-family home construction is anticipated to grow by nearly 14%, reaching 1.1 million new homes, a milestone last achieved in 2006. Meanwhile, home sales are expected to grow by more than 1.5%, with months of supply—a key indicator of market balance—improving from 3.7 in 2024 to 4.1 in 2025.
