Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall, reviving a measure last used during the 2008 financial crisis as affordability concerns mount and Republicans prepare for the 2026 midterms.
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Speaking at a Labor Day breakfast interview with the Washington Examiner in McLean, Virginia, Bessent said affordability would be a central theme for the Trump administration heading into next year.
“We may declare a national housing emergency in the fall,” he said, adding that the White House is considering steps to cut costs and expand supply.
While specific measures were …