Trump Declaring New Emergency

President Donald Trump is preparing bold action to tackle America’s housing crisis. Treasury Secretary Scott Bessent confirmed this week that the White House may declare a national housing emergency this fall to address skyrocketing home prices, shrinking supply, and mortgage rates that are crushing middle-class families.

Trump’s America-First Housing Plan

Since returning to office, Trump has declared nine national emergencies — from immigration enforcement to violent crime. Now, housing may be next. Unlike Democrats who push for more federal control, Trump’s plan focuses on cutting costs and removing red tape.

Potential steps under review include:

• Standardizing zoning codes to speed up new construction
• Lowering closing costs so families keep more of their money
• Tariff exemptions on building materials to slash housing costs

This effort ties directly into Trump’s push for affordability, including the hugely popular “No Tax on Tips” provision in his One Big Beautiful Bill Act.

Strong Economic Outlook in 2026

Bessent predicts a “big economic pickup in 2026”, thanks to Trump’s reciprocal tariffs and anticipated Federal Reserve rate cuts. But Trump continues to slam Fed Chair Jerome Powell, blaming him for hurting the housing market by keeping borrowing costs too high.

On Truth Social, Trump blasted Powell: “People can’t get a mortgage because of him. There is no inflation, and every sign points to a major rate cut.”

Lessons From the 2008 Housing Crash

Older Americans remember the devastation of 2008 — reckless lending, inflated speculation, and Wall Street greed that destroyed jobs, homes, and retirement savings. Families were left underwater as foreclosures exploded.

Trump’s administration is determined not to let history repeat itself. Instead of band-aid fixes like Obama’s Dodd-Frank Act, Trump’s plan attacks the root causes:

• High interest rates
• Limited housing supply
• Costly regulations

What a Housing Emergency Could Do

Under the National Emergencies Act of 1976, a housing emergency could allow Trump to:

• Empower HUD and FEMA to expand housing aid
• Repurpose federal land for temporary housing
• Use the Defense Production Act to prioritize construction materials
• Unlock disaster relief funds under the Stafford Act for rental support

But limits remain. Courts can step in, and major new programs would require Congress. That hasn’t stopped Trump before — he has a record of delivering results within the law.

Bottom Line: Protecting Your Family’s Future

With the 2026 midterms approaching, Trump is making housing affordability, lower taxes, and economic growth a Republican cornerstone. For families, retirees, and working Americans, this could be the bold action that protects savings, secures homes, and restores confidence in the American Dream.