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A look at how tariffs, deportations and more of Trump’s proposals could affect housing costs
December 9, 2024/
Americans hand over a huge chunk of their paycheck for a roof over their heads. Policymakers are looking out for indications of what President-elect Donald Trump plans to do to ease housing costs next year after an election where voters were laser-focused on the economy.
Housing accounted for 32.9% of consumers’ spending in 2023, making it the largest share of consumer expenditures, according to the most recently available data Bureau of Labor Statistics. And that was an increase of 4.7% from 2022.
This year, many Americans still struggle to find affordable housing, whether they choose to rent or buy a home.
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