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Housing costs are crushing families – here’s the way out

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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)

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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.

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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.

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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.

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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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Trump introduces Cornyn, Paxton but stays mum on endorsement in heated GOP primary

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Trump introduces Cornyn, Paxton but stays mum on endorsement in heated GOP primary

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The Texas Senate primary for Republicans is a bloodbath, and President Donald Trump isn’t wading in.

Trump, who appeared in Corpus Christi, Texas, to tout his energy agenda Friday, had the opportunity to stake his claim in the contentious race and endorse a candidate. 

Sen. John Cornyn, R-Texas, is the longtime incumbent fending off seven challengers.

But the real race is between Cornyn, Texas Attorney General Ken Paxton and Rep. Wesley Hunt, R-Texas.

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President Donald Trump stops to speak to the media as he departs from Marine One on the South Lawn of the White House Feb. 27, 2026, in Washington, D.C.  ( Heather Diehl/Getty Images)

All three were in attendance at Trump’s rally, reminiscent of the made-for-TV spectacles that dominated his successful 2024 election campaign. Yet Trump didn’t endorse any of them as Election Day in the primary fast approaches.

Trump acknowledged all three — he paired Cornyn and Paxton and mentioned Hunt later in his remarks. He noted that they were all engaged in an “interesting election.”

“They’re in a little race together,” Trump said of Cornyn and Paxton. “You know that, right? A little bit of a race. It’s going to be an interesting one, right? They’re both great people, too.”

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Texas Attorney General Ken Paxton and John Cornyn, R-Texas (Getty Images)

Cornyn is running for a fifth term in the Senate and fighting for his political life in a nasty primary election that Trump has time and again refused to weigh in on. He’s got the full weight of Senate Republican leadership behind him, too.

Paxton, who has faced headwinds with scandals over the years, has strongly aligned himself with the president and built a coalition of conservative backers in the House, including Rep. Troy Nehls, R-Texas, who brought him to Trump’s State of the Union earlier this week.

And while the trio duke it out, money is being burned at a record pace. So far, a whopping $110 million has been spent on the Senate primaries, and $88 million of that has been dumped into the GOP contest, according to data from AdImpact.

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Rep. Wesley Hunt, R-Texas, walks up the House steps for a vote on the budget resolution in the U.S. Capitol April 10, 2025. (Bill Clark/CQ-Roll Call, Inc via Getty Images)

Given the crowded field, it’s likely the race will head to a runoff, which will turn into a brutal sprint until late May. Paxton believes he could come out on top with at least 50% of the vote come March 3, while Cornyn is eying the long game.

The coveted Trump endorsement could put either over the top in ruby red Texas. And he may be close to picking his favorite.

Ahead of the event, Trump was asked if he had decided who to endorse.

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“Pretty much,” he told reporters.

But when asked if he would say who, he said, “No.”

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Jasmine Crockett reveals Colbert hasn’t invited her on show since furor over Talarico interview

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Jasmine Crockett reveals Colbert hasn’t invited her on show since furor over Talarico interview

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Rep. Jasmine Crockett, D-Texas, revealed Friday she’s still not been asked to appear on Stephen Colbert’s “Late Show,” days after the host claimed pressure from the Federal Communications Commission effectively censored an interview with her Senate primary political opponent, James Talarico.

Earlier this week, Colbert said CBS prevented the broadcast of Talarico’s appearance due to guidance from the FCC requiring shows to provide “equal time” to opposing candidates.

In response, the late-night host criticized the FCC and his own network. The Talarico interview was posted online, where it has garnered more than 8 million views on YouTube alone. The tumult and extra attention to the interview helped raise more than $2.5 million for Talarico’s campaign.

“No, I’ve not been invited on Colbert prior to his interview nor post his interview,” Crockett said on MS NOW’s “Morning Joe” Friday.

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Rep. Jasmine Crockett speaks to members of the media following a House Oversight and Accountability Committee deposition in New Albany, Ohio, on Wednesday, Feb. 18. (Dustin Franz/Bloomberg via Getty Images)

Crockett explained that while she has appeared on Colbert’s show twice before, she has not been invited since she launched her candidacy for the U.S. Senate.

“The only information that I got was after this debacle took place, I did receive a phone call from the parent company,” Crockett said.

She said that CBS representatives told her they did not tell Colbert he couldn’t air the Talarico segment. Instead, they said that if he had Talarico on, he had to offer the same time to Crockett.

COLBERT FUMES AT CBS, SAYS IT BARRED HIM FROM INTERVIEWING TEXAS DEM AMID FCC CRACKDOWN

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Texas state Rep. James Talarico, left, and Rep. Jasmine Crockett, both Democrats and U.S. Senate candidates, participate in a debate during the 2026 Texas AFL-CIO COPE Convention in Georgetown, Texas, on Jan. 24. (Bob Daemmrich/The Texas Tribune/Bloomberg via Getty Images)

“They just said, if you air it, just make sure that you offer the representative equal time. Now, obviously, I wasn’t engaged in that conversation, so I cannot confirm the veracity of any statements,” she said. 

“But I can confirm that I had never been asked to go on as it relates to kind of talking about the Senate race,” Crockett added.

CBS released a statement denying it censored Colbert, insisting the show chose to share the interview on YouTube instead to avoid the equal-time requirement.

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Texas state Rep. James Talarico appears with Stephen Colbert on “The Late Show with Stephen Colbert,” in New York on Feb. 16. (Scott Kowalchyk/CBS via Getty Images)

However, during Monday night’s broadcast, Colbert insisted he and his guest were being censored, telling his audience, “[Talarico] was supposed to be here, but we were told in no uncertain terms by our network’s lawyers, who called us directly, that we could not have him on the broadcast.”

The media attention and Colbert’s multiple segments this week about the controversy provided a boon to Talarico’s campaign. On Tuesday, Colbert crumpled up the CBS statement denying it had forced the comedian not to air the interview and put it into a dog waste bag before throwing it away.

On Wednesday, FCC Chairman Brendan Carr dismissed the controversy as a “hoax,” stating that Talarico “took advantage of all of your sort of prior conceptions to run the hoax, apparently for the purpose of raising money and getting clicks. And the news media played right into it.”

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A spokesperson for Colbert’s show didn’t immediately respond to a request for comment from Fox News Digital.

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Crockett blasts ‘left’ for alleged skin darkening in ads as Texas Senate clash heats up

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Crockett blasts ‘left’ for alleged skin darkening in ads as Texas Senate clash heats up

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A progressive House Democrat claims that attacks from her left were racially motivated in what’s become an explosive Texas Senate race.

Rep. Jasmine Crockett, D-Texas, told supporters that she’s used to attacks from Republicans and the right, but racially tinged shots from her left flank weren’t something she expected.

“The thing that is not normal is for me to be attacked from the left,” Crockett said. “That is the new wild card in this scenario. But it’s just interesting.”

Rep. Jasmine Crockett speaks to members of the media following a House Oversight and Accountability Committee deposition in New Albany, Ohio, Feb. 18.  (Dustin Franz/Bloomberg via Getty Images)

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“And you know, I’ve been asked a couple of times about it,” she continued. “And you know, I look at this specifically as a civil rights lawyer, and I see when they’re sending out ads and they’re darkening my skin. And I’m just like, I know what this is, right?”

Crockett did not get into specifics about which ads she was referencing or who was behind them.

Fox News Digital reached out to the Democratic Senatorial Campaign Committee and Crockett’s Senate campaign for comment but did not immediately hear back.

It’s another instance in the Democratic primary for Texas’ Senate seat between Crockett and Texas state Rep. James Talarico in which race has again been jolted into the conversation.

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Rep. James Talarico appears with Stephen Colbert on the CBS series “The Late Show with Stephen Colbert,” in New York Feb. 16, 2026.  (Scott Kowalchyk/CBS via Getty Images)

Before the latest drama over Talarico’s appearance on Stephen Colbert’s “The Late Show,” which Crockett said she has not received an invitation to since launching her Senate campaign, the state lawmaker was embroiled in another back-and-forth with his former opponent.

Before Crockett entered the contest, Talarico was running against former Rep. Collin Allred, D-Texas, who was again vying for the Senate after losing to Sen. Ted Cruz, R-Texas, in 2024.

Allred exited the race in December 2025 but earlier in February alleged that Talarico had referred to him as a “mediocre Black man” in reference to his campaign against the former lawmaker.

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Talarico pushed back against the allegation in a statement to the Texas Tribune at the time and said that he would “never attack him on the basis of race.”

“As a Black man in America, Congressman Allred has had to work twice as hard to get where he is,” Talarico said. “I understand how my critique of the congressman’s campaign could be interpreted given this country’s painful legacy of racism, and I care deeply about the impact my words have on others. Despite our disagreements, I deeply respect Congressman Allred. We’re all on the same team.”

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Early voting already is underway in Texas, with primary election day right around the corner on March 3. 

Who either Crockett or Talarico will face in November remains in the air, given the three-way Republican primary battle among Sen. John Cornyn, R-Texas, Texas Attorney General Ken Paxton and Rep. Wesley Hunt, R-Texas.

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