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Bill Pulte to Newsmax: Trump Cutting Home Costs, Rates: https://www.newsmax.com/newsmax-tv/pulte-trump-home/2026/01/09/id/1241553/

Biden ignored the Housing Market, and instead was immersed with High Crime, Open Borders, runaway INFLATION, the Afghanistan Disaster, and a Military that he left in Chaos and Confusion. Everything was broken, but I, as President of the United States, have already fixed it! Now, I am giving special attention to the Housing Market. Because I chose not to sell Fannie Mae and Freddie Mac in my First Term, a truly great decision, and against the advice of the "experts," it is now worth many times that amount — AN ABSOLUTE FORTUNE — and has $200 BILLION DOLLARS IN CASH. Because of this, I am instructing my Representatives to BUY $200 BILLION DOLLARS IN MORTGAGE BONDS. This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable. It is one of my many steps in restoring Affordability, something that the Biden Administration absolutely destroyed. We are bringing back the AMERICAN DREAM that was destroyed by the last Administration. MAKE AMERICA GREAT AGAIN!

For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans. It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations. I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks.

Before I became President, "OPEC" kept Oil prices high. It wasn't right for them to do that but, in a different form, is being done again — This time by the Big Homebuilders of our Nation. They're my friends, and they're very important to the SUCCESS of our Country, but now, they can get Financing, and they have to start building Homes. They're sitting on 2 Million empty lots, A RECORD. I'm asking Fannie Mae and Freddie Mac to get Big Homebuilders going and, by so doing, help restore the American Dream!

Shockingly, I have just learned, that Gavin Newscum, the Governor of California, is in final stages of approval to build Low Income Housing in Pacific Palisades. How unfair is that to the people that have suffered so much! Newscum allowed their houses to burn by not accepting Hundreds of Millions of Gallons of Water from the Pacific Northwest, and now, the Low Income Housing starts rising long before he gets Permits for California Citizens to rebuild, but long after the Federal Permits were issued. Lee Zeldin, EPA Administrator, and I, as President, have done the job, and produced all Permits long before anybody expected that to happen. Unfortunately, the Governor of California and Mayor Karen Bass failed you. Gavin Newscum's plan to build Low Income Housing (at the Super Luxury Pacific Palisades Fire Site) is what caused the destruction of the Late, Great New York City Mayor John Lindsay's Political Career — and John Lindsay was a Republican.

"Senate Bill that would have turned lost Pacific Palisades homes into affordable housing put on pause" https://www.foxla.com/news/senate-bill-would-have-turned-lost-pacific-palisades-homes-affordable-housing-put-pause

Can you imagine being so stupid as to destroy one of the best areas in the United States by building Low Income Housing there? The people must be having a "fit." https://www.thecentersquare.com/california/article_2ee4ae76-6ee1-438a-bf4a-b1e25b7f0cc9.html

https://redstate.com/redstate-guest-editorial/2025/06/28/its-time-to-pass-big-beautiful-bill-to-unlock-golden-era-of-american-housing-n2191001

The $25 Billion settlement with the banks on mortgages will slow the housing market down even more and create higher user fees. Stupid!