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... As millions have been priced out of buying homes over the past few years, housing became an important issue for American voters during the 2024 presidential race. Trump ran on the campaign promise of lowering home prices and increasing inventory through mass deportations and deregulations of the construction sector, while he said mortgage rates would drop as a result of the growth of the U.S. economy.

However, home prices are still rising across the U.S., and housing experts fear the impact that Trump's immigration policies and tariffs on goods imported from Canada, especially softwood lumber, could have on construction costs and inventory levels. ...