Reported about 23 hours ago
President Trump has called for mortgage giants Fannie Mae and Freddie Mac to enhance homebuilding efforts, amidst confusion in an already strained housing market facing high construction costs. While he urges the firms to support major builders, the details of how they might stimulate construction remain unclear. Analysts suggest that although Fannie and Freddie provide liquidity to builders, the current limitations and increasing costs driven by tariffs and labor shortages complicate efforts to address housing affordability.
Source: YAHOO