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Housing costs are crushing families – here’s the way out
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Treasury Secretary Scott Bessent recently declared that President Donald Trump’s administration is considering declaring an emergency situation for housing. He pointed out the weakest summer home sales in a decade, with more than 15% of transactions falling through in July, the highest cancellation rate since record-keeping commenced in 2017. Prices, though below pandemic levels, are still too lofty for working- and middle-class Americans.
Bessent is right to sound the alarm, and a housing emergency declaration is long overdue.
For too long, politicians have praised the virtues of homeownership while supporting policies that make it harder to achieve. America no longer produces enough houses to meet demand, and existing houses have become more costly than they would otherwise have been due to restrictions imposed by government on building and investing.
America no longer produces enough houses to meet demand, and existing houses have become more costly than they would otherwise have been due to restrictions imposed by government on building and investing. (Jim Watson/AFP via Getty Images)
National housing experts estimate the United States is short between 3.2 million and 5.5 million homes, depending on the methodology used. Freddie Mac puts the gap at roughly 3.8 million units, while the National Low Income Housing Coalition reports a shortage of more than 7 million affordable and accessible units. This gap between supply and demand is the very reason for rising home prices.
DEI IS THE REAL CAUSE OF AMERICA’S HOUSING CRISIS
Government regulations have been largely responsible for causing the shortage.
Studies from the National Association of Home Builders show that federal, state and local regulations account for nearly 24% of the price of a new single-family home and more than 40% of the cost of new multifamily housing. Zoning limitations that restrict density, lengthy permitting programs that draw out projects over years, and building codes that differ significantly from one jurisdiction to another all create unnecessary costs and lost time. For some metro regions, it takes over a decade to transition a project from conceptualization through completion.
If the Trump administration does indeed choose to declare a national housing emergency, its resulting emergency plan should not seek to micromanage local housing markets or build new federal bureaucracies. Instead, it should focus on clearing away the obstacles that make it harder for the private sector to meet today’s growing demand for housing.
HOUSE PRICES SKYROCKETED UNDER BIDEN. NOW, GUESS WHO DEMOCRATS WANT TO BLAME?
Wherever stringent restrictions have been imposed upon developers or landlords, housing availability has contracted and affordability has gotten further out of reach. Conversely, where markets are freed to act – when permitting is streamlined, financing is accessible and development is allowed to respond to demand – housing has become more plentiful and prices have stabilized.
California shows how this plays out. For decades, stringent zoning and environmental vetting brought building close to a halt, leaving the state short almost 1.3 million units , according one recent estimate. By contrast, states like Texas, which moved more quickly on permitting and allowed higher-density development, have seen faster growth in supply and more moderate price increases even as their populations expanded. In fact, home prices are declining faster in Texas than any other state.
Instead of following states like Texas’ lead and tackling the root causes of the housing shortage, Washington, D.C., continues to scapegoat the private sector.
Take, for example, the trend of blaming rent pricing software.
CON MAN ZOHRAN MAMDANI WANTS TO IGNORE REAL CAUSES OF NYC’S AFFORDABILITY CRISIS
Launched under President Joe Biden, this effort wrongly blames technology tools that give real-time housing pricing. Targeting AI may make for nice sounding press releases, but it’s no different than blaming the weatherman for the rain. This technology just reports on what the market is bearing and regulating it away does nothing to put more homes on the market or reduce costs for families.
Or how about the federal and state lawmakers who have chosen to point fingers at housing investors? A study led by New York University’s Joshua Coven found that markets with greater institutional investment saw both an increase in available rental housing and a measurable drop in rents. This is because large-scale investors add to the pool of available rentals, which can ease competition and moderate costs.
In other words, when investment is welcomed and new units are built, families benefit directly through lower costs and more options.
What does this all mean?
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Well, instead of seeing its role as one of restricting market activity, the Trump administration should view its job as one of increasing it. Because the only way to solve an affordable housing shortage is to build and invest more.
One approach could be to catalyze reform at the state and local level by making some programs and grants conditional on removing artificial limitations on construction, such as outdated zoning restrictions that prohibit multifamily development in high-demand areas.
Another could be to streamline federal permitting for infrastructure projects that support housing, such as roads, utilities and transit. These projects frequently get delayed and become more costly or less likely to get constructed as they languish, and streamlining would encourage builders to construct more.
The White House has already prioritized enacting economic policies that have freed workers and businesses from unnecessary burdens – ending taxes on tips and overtime, reducing red tape, and promoting growth through opportunity. Housing deserves the same treatment: less government interference and more room for private investment.
This approach has worked before. Federal leaders just need to let it work again.
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Arizona governor vetoes Charlie Kirk memorial license plate, sparking GOP outrage: ‘This bill falls short’
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Democratic Arizona Gov. Katie Hobbs is facing fierce backlash after vetoing a bill that would have created a specialty license plate honoring slain Turning Point USA founder Charlie Kirk, a move Republicans are blasting as a stunning act of partisanship after his assassination.
Kirk, who was assassinated while speaking at a Sept. 10 Turning Point USA event at Utah Valley University, lived in Arizona with his wife, Erika, and two children.
The proposed specialty plate, referred to as the “Charlie Kirk memorial” plate or the “Conservative grassroots network special plate,” featured a photo of the late Kirk and the TPUSA logo in front of an American flag background.
Below the license plate number were the words “FOR CHARLIE.”
A custom Arizona license plate, featuring a Turning Point USA and Charlie Kirk design, shared by state Sen. Jake Hoffman. (Senator Jake Hoffman via X)
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Of the $25 fee required for the plate, $17 would be an annual donation deposited into the Conservative Grassroots Network Special Plate Fund, according to the legislation.
While the recipient of the Grassroots Network Special Plate Fund was not explicitly designated as TPUSA in the bill, it noted the director of the fund would allocate revenue annually to a nonprofit organization, founded in 2012, that focuses on restoring traditional values, maintaining a grassroots activist network on high school and college campuses in Arizona, and assisting college students with voter registration and absentee ballots.
People gather at a memorial to mourn Turning Point USA Founder Charlie Kirk outside Turning Point USA headquarters Sept. 12, 2025, in Phoenix. (Charly Triballeau/AFP via Getty Images)
TPUSA, founded by Kirk in 2012, is well known for its grassroots activist networks on high school and college campuses. It is headquartered in Phoenix, Arizona.
The $25 fee and annual $17 donation are consistent with the fees for the other 109 nonprofit license plates offered by the Arizona Department of Transportation (ADOT).
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The state Senate passed the bill, 16-2, with the House of Representatives voting 31-23 in favor prior to Hobbs’ veto.
Specialty plates in Arizona are authorized by the legislature and sent to the governor to be signed into law. They have been offered since 1989.
In a letter explaining the veto, Hobbs cited concerns with the bill “bring[ing] people together,” claiming it would “insert politics into a function of government that should remain nonpartisan.”
Democratic Arizona Gov. Katie Hobbs is facing fierce backlash after vetoing a bill that would have created a specialty license plate honoring slain Turning Point USA founder Charlie Kirk. (Rebecca Noble/Getty Images)
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“Charlie Kirk’s assassination is tragic and a horrifying act of violence,” Hobbs wrote. “In America, we resolve our political differences at the ballot box. No matter who it targets, political violence puts us all in harm’s way and damages our sacred democratic institutions.
“I will continue working toward solutions that bring people together, but this bill falls short of that standard.”
Specialty license plates with political interests already approved by the state include the “Choose Life” Plate, which benefits the Arizona Life Coalition and its mission to promote anti-abortion advocacy and education; the “In God We Trust” Plate, which benefits conservative Christian legal advocacy group Alliance Defending Freedom; and the Arizona Realtors’ “Homes for All” Plate, which funds affordable housing projects.
Charlie Kirk, founder of Turning Point USA, speaks during the Turning Point Action conference in 2023 in West Palm Beach, Fla. (Lynne Sladky/AP Photo)
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Another approved plate, “Alice Cooper’s Solid Rock Plate,” which benefits Solid Rock Teen Centers, features a portrait of the legendary musician, who has made political comments about social issues including gender identity.
Republican state Sen. Jake Hoffman, who sponsored the bill, posted a fiery statement on social media after the governor’s action, claiming her “grotesque partisanship knows no bounds.”
“Even in the wake of a global civil rights leader — an Arizona resident and her own constituent — being assassinated in broad daylight for his defense of the First Amendment, Hobbs couldn’t find the human decency to put her far-Left extremism aside simply to allow those how wish to honor him to do so,” Hoffman wrote. “Katie Hobbs will forever be known as a stain on the pages of Arizona’s story.”
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On Saturday, TPUSA COO Tyler Bowyer shared an X post that said, “Deport Katie Hobbs.”
TPUSA, Bowyer and Hobbs’ office did not immediately respond to Fox News Digital’s requests for comment.
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Air Force veteran warns ‘cartels don’t collapse — they fracture’ after notorious drug lord killed
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Nearly two weeks after Mexican forces killed notorious cartel boss Ruben “El Mencho” Oseguera Cervantes, questions remain about how the powerful Jalisco New Generation Cartel (CJNG) will respond and whether the blow will meaningfully disrupt the flow of fentanyl into the United States.
Carlos De La Cruz, a 20-year U.S. Air Force veteran who deployed after 9/11 and later served along the southern border, told Fox News the cartel leader’s death marked a major victory, but warned Americans should not mistake it for the end of the fight.
“When I say that this is a significant win, I mean it,” De La Cruz said. “El Mencho ran one of the most violent cartels on the planet.”
Oseguera, who rose to prominence in the post–El Chapo era, oversaw CJNG’s aggressive expansion across Mexico and into key trafficking corridors feeding U.S. drug markets. Under his leadership, the cartel became a central architect of fentanyl and methamphetamine trafficking and drew a $15 million U.S. reward for information leading to his capture.
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Smoke rises from burning vehicles after a military operation that a government source said killed Mexican drug lord Nemesio Oseguera, known as “El Mencho,” in Puerto Vallarta, Mexico, on Feb. 22, 2026. (Screen grab obtained from a social media video. @morelifediares via Instagram/YouTube via Reuters)
But De La Cruz cautioned that removing a cartel kingpin does not dismantle the organization.
“Cartels don’t collapse when you just cut the head off — they fracture,” he said. “And part of that fracture is going to see a lot of short-term violence while all these factions fight over territory.”
Following Oseguera’s killing on Feb. 22, the U.S. State Department issued travel alerts in multiple Mexican states, citing road blockages and criminal activity tied to security operations, underscoring concerns about instability in the aftermath.
Drawing on his military background studying enemy command structures, De La Cruz described the cartel fight as a long-term campaign requiring sustained pressure.
A mughsot of Ruben “Nemesio” Oseguera Cervantes, known as “El Mencho,” beside graffiti depicting the letters of the Jalisco New Generation Cartel, covering the facade of an abandoned home in El Limoncito, in the Michoacan state of Mexico. (Eduardo Verdugo/AP Images; Drug Enforcement Administration)
“You don’t win a war with just one airstrike,” he said. “The goal is dismantling the networks and going after their financing.”
De La Cruz, who is running for Congress and is the brother of Texas Republican Rep. Monica De La Cruz, argued that CJNG’s Foreign Terrorist Organization designation gives U.S. law enforcement and intelligence agencies expanded tools to target cartel infrastructure and financial pipelines.
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A soldier stands guard by a charred vehicle after it was set on fire in Cointzio, Mexico, Sunday, Feb. 22, 2026, after the cartel leader’s death. (Armando Solis/AP Photo)
But he stressed that the fentanyl crisis should be viewed as a domestic security emergency, not a distant foreign problem.
“For decades, they were using their territories as launching pads to pump chemical weapons into America — because that’s exactly what fentanyl is,” he said.
De La Cruz, who said he worked side by side with Customs agents while deployed to the border, warned that cartel networks are highly adaptive and that any gains could be temporary without sustained follow-through.
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Smoke rises after violence hit Puerto Vallarta, Mexico. (Courtesy of Scott Posilkin)
“These networks, they’re going to adjust. They’re going to adapt and they’re going to adapt quickly,” he said. “We have to continue to go after the money launderers, especially on our side of the border, because that’s the full fight.”
While Oseguera’s death removes one of the most dominant figures in Mexico’s criminal underworld, De La Cruz said the mission is personal.
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“I took an oath to defend this country,” he said. “And I intend to stand by that oath.”
Fox News Digital’s Greg Wehner contributed to this report.
Stepheny Price covers crime, including missing persons, homicides and migrant crime. Send story tips to stepheny.price@fox.com.
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Search for Nancy Guthrie enters 5th week, cadaver dogs on hold
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TUCSON, Ariz. — More than five weeks after the suspected abduction of Nancy Guthrie — the 84-year-old mother of “Today” co-host Savannah Guthrie — Arizona authorities say cadaver dogs used earlier in the investigation are not currently being deployed as the search continues.
The elder Guthrie is believed to have been kidnapped from her home in the Catalina Foothills in northern Tucson around 2:30 a.m. on Feb. 1.
While no suspects have been publicly identified, and she has not been found, cadaver dogs had been deployed earlier in the case, according to Pima County Sheriff Chris Nanos. They have not been visible in weeks.
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A member of the Pima County Sheriff’s Office remains outside of Nancy Guthrie’s home, Monday, Feb. 9, 2026 in Tucson, Ariz. (AP Photo/Ty ONeil; Nathan Congleton/NBC via Getty Images)
“They are available if needed in the future,” he told Fox News Digital.
There are a number of reasons not to be using cadaver dogs at this stage in the investigation, according to Betsy Brantner Smith, a retired police sergeant and spokeswoman for the National Police Association.
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Savannah Guthrie visits the Today show at Rockefeller Plaza in New York on Thursday, March 5, 2026. (Charles Sykes/Invision/AP)
One would be if there’s credible information that Guthrie is still alive.
“Anything is possible,” Nanos told Fox News Digital last week, adding that he would not discuss specific leads or evidence in the case.
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Brantner Smith, who is not involved in the case, said departments may hold back K-9 resources for several reasons. Those could be that authorities don’t have a good idea of where to search, they think she might be concealed in a place where dogs would have a hard time detecting her, or they believe she’s been taken to Mexico, according to Brantner Smith.
Law enforcement agents walk around the neighborhood where Annie Guthrie, whose mother Nancy Guthrie has been missing for more than a week, lives just outside Tucson, Ariz. (Ty ONeil/AP Photo)
“I do believe that the sheriff’s department has much more information that they are not releasing to the public,” she told Fox News Digital. “And I’m not sure at this point why that would be, unless they have a solid suspect and don’t want to tip them off.”
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Most departments, including the Pima County Sheriff’s, don’t have their own cadaver dogs and borrow them from state and federal authorities or neighboring jurisdictions.
An investigator looks inside a culvert in the neighborhood where Annie Guthrie, whose mother Nancy Guthrie has been missing for more than a week, lives just outside Tucson, Ariz., on Tuesday, Feb. 10, 2026. (Ty ONeil/AP Photo)
In Guthrie’s case, the sheriff’s department sought K-9 assistance from the local Border Patrol office earlier in the investigation.
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PCSD deferred further comment on the K-9s to Customs and Border Protection, which did not immediately respond to a request for comment.
A member of the Pima County Sheriff’s Office walks around Nancy Guthrie’s home on Tuesday, Feb. 10, 2026 in Tucson, Ariz. (Ty ONeil/AP Photo)
The biggest lead so far has been Nest camera video showing a masked intruder on Guthrie’s doorstep the morning of her abduction.
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He is described as about 5 feet, 9 inches to 5 feet, 10 inches tall and of medium build.
Nancy Guthrie, 84, has been missing from her Arizona home since Jan. 31, 2026. (Don Arnold/WireImage/Getty Images)
He was wearing a black Ozark Trail backpack.
Authorities have said they won’t consider the case cold until they run out of viable leads to follow up on — and tens of thousands have come in so far.
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Savannah Guthrie has asked anyone with information to dial 1-800-CALL-FBI.
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There’s a combined reward of more than $1.2 million for information that leads to her mother’s recovery.
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