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Homeowners, buyers and investors are wondering how it might affect home prices.
It remains to be seen exactly what kind of housing agenda Trump might pursue in his potential second term.
Homeownership has become unaffordable for the average American, said Brock.
This might include tax credits for developers, or streamlined permitting processes for new developments.
The goal would be to make the American dream of homeownership achievable for families of all income levels.
This can be one of the biggest limits on affordable homes.
The Trump administration could work with Congress to pass legislation that reduces the federal tax burden on homeowners.
These restrictive building codes contribute to putting homeownership out of reach for many families.
Simplifying building regulationsmight speed up construction and reduce costs for developers, said Forsythe.
The Trump administration might push for federal legislation that would preempt certain state and local regulations.
One strategy would be to set a national standard for building codes.
Many city centers have struggled with a lack of affordable housing options.
Investing in urban renewal projects can make cities more attractive places to live and work, said Forsythe.
Trumps administration could work to revitalize these areas through targeted investments in infrastructure andaffordable housing initiatives.
This could include things like down payment assistance to buyers in these high-density areas.
Incentivize Rural Development
Trump could also choose to focus on rural communities.
Encouraging development in rural areas can help spread economic opportunities and reduce congestion in urban centers, said Forsythe.
This could make it more attractive for both homebuilders and buyers to invest in rural housing markets.
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