Despite Donald Trump’s promise to lower costs on “Day One,” home prices have steadily increased since he took office. With his chaotic and unaffordable economic policy, Trump has sent home prices up — with the median sale price hitting a record high. Instead of making it easier to get by and working to lower costs, Trump is pushing the American dream out of reach for millions. 

NEW: Home prices just hit a record high under Donald Trump as the American dream of home ownership becomes “more distant.”  

CBS News: “The median home sale price in the U.S. just touched a record high … 

“The median sale price hit a record $396,500 for the four weeks ending June 15, or a 1% increase from a year earlier, according to a Friday report from Redfin. … 

“Americans are increasingly finding themselves squeezed out of the housing market, as mortgage rates remain high and the inventory of affordable homes remains low. As a result, the dream of home ownership, which is a meaningful way to build wealth, is becoming more distant for large swaths of the population.” 

Trump’s chaotic and unaffordable economic agenda is driving the housing market into a ditch. 

Bloomberg: “US Homebuilder Sentiment Drops to Lowest Level Since End of 2022”  

“Confidence among US homebuilders fell in June to the lowest level since December 2022, with potential buyers deterred by high mortgage rates and anxiety about tariffs and the economy. … 

“Gauges of traffic of prospective buyers and expected sales over the next six months are both at the weakest point in more than a year, NAHB data show. …

“Builders anticipate that President Donald Trump’s tariff policies could boost construction costs by almost $11,000 a home, based on a previous NAHB survey.” 

Axios: “The housing market slump is getting worse” 

“Now the sector faces new Trump-era factors, including tariffs and deportations, that are holding back construction and limiting supply. … 

“Housing starts fell almost 10% last month to an annualized pace of 1.3 million, well below the rate that economists expected, the Commerce Department said Wednesday morning. … 

“The industry is heavily reliant on immigrant workers, who are being targeted for deportations by the Trump administration.

“Meanwhile, tariffs on steel and aluminum have doubled to 50%, except for U.K. imports of the materials. The Trump administration is considering higher tariffs on wood materials, including lumber.” 

REMINDER: Since Day One, Trump has failed to bring housing prices down. 

CNN: “On Tuesday, S&P Global releases its S&P Global CoreLogic Case-Shiller National Home Price Index for March. Home-price growth in February continued to climb, rising at an annual pace of 3.9%, as lingering housing shortages continued to push up prices.” 

MarketWatch: “This move by Trump could be ‘disastrous’ for the mortgage market and drive up costs for home buyers even more” 

“President Donald Trump has said he wants to change the way the government handles two giants in the real-estate world, Fannie Mae and Freddie Mac, which are presently under government conservatorship.”

Washington Post: “HUD cuts expected to worsen America’s housing crisis, staffers say” 

“Sharp cuts at the Department of Housing and Urban Development are likely to upend housing markets, make homes less affordable and roil mortgage transactions, according to current and former employees, contractors and housing experts.

“The changes come amid a national housing crisis, with not enough homes and ever-rising costs.”