The U.S. housing crisis continues to affect countless individuals across the nation, but one real estate expert believes a potential solution lies within the Trump administration. Larry Connor, the founder and managing partner of The Connor Group, shared his thoughts on how the current leadership can address this persistent issue during a segment on FOX Business Live. According to Connor, solving the affordable housing crisis is possible, and the Trump administration is uniquely positioned to take effective action.
Connor emphasized that the first step to resolving the housing problem is streamlining regulations. He pointed out that a significant portion of the overall costs in construction—often around 30 to 40 percent—are tied to permits and bureaucratic delays. By simplifying these regulations, the administration could reduce costs and make housing more affordable for everyday Americans. Connor’s recommendation for “common sense regulations” highlights the need to strike a balance between easing the regulatory burden and ensuring quality housing development.
In response to the challenges of housing affordability, President Trump recently issued an emergency order to lower housing costs and increase supply. This directive focuses on reducing regulatory barriers that have made it harder for Americans to purchase homes. Throughout his first term, Trump was successful in lowering regulatory costs, with the White House reporting an average reduction of $11,000 per household. Connor argued that these types of measures are crucial in helping to improve accessibility in the housing market.
However, while Connor is against overly strict regulations that limit growth, he believes developers should still be held to high standards. He advocates for regulations that focus on the quality of construction and ongoing maintenance, ensuring that affordable housing is both well-built and sustainable. Without addressing these quality concerns, even the most well-intentioned projects could fail economically, with developers losing money on their investments.
Finally, to make a substantial impact on the housing crisis, Connor suggests that the federal government should provide low-interest loans and tax credits for developers and homebuyers. By combining these efforts with reduced regulations, the government could unleash the full potential of the free market to meet the demand for affordable housing. With these measures in place, Connor believes that the U.S. could take a significant step toward solving its housing affordability problems and ensuring that more Americans have the opportunity to own a home.
