Statement by Senator Warren on Lowest Housing Starts Since 2020

Washington, DC – U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement on May housing starts data:

“Our nation is in a housing crisis, with millions of families struggling under sky-high housing costs. Instead of helping solve the problem by getting more housing built, President Trump is making it worse by injecting uncertainty into the housing market with his draconian housing program cuts and on-again off-again tariffs that hang over the housing industry like an anvil about to drop. As a result, we’re seeing new home construction plunge to levels not seen since Trump’s first administration in 2020, mortgage applications dropping, and homebuilder sentiment at its lowest level in 13 years. High prices, faltering construction, and low confidence: this is Donald Trump’s housing market.” 

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