Trump Launches Task Force on Manufactured Homes and Orders Affordability Reforms

President Donald Trump has signed an executive order aimed at housing affordability with days to go before the midterm elections.The multi-part executive order published Thursday aims to reduce costs for title and mortgage insurance, and promote more affordable manufactured housing. Trump said he wanted to see new technologies that use artificial intelligence, or "super intelligence," to accelerate the housing market."The American Dream of homeownership is a vital pillar of our great country," the order states. "It is the policy of my Administration to reduce regulatory barriers to mortgage origination and costs impeding homeownership"This comes amid a year Americans are concerned about housing affordability. The housing market has been hammered by high interest rates and inflation hitting costs of materials and labor. Mortgage rates are likely to remain near decade highs for the near term.This year, Congress passed the 21st Century Road to Housing Act after months of sometimes-contentious negotiations. The bill's 45 provisions are aimed at cutting red tape and encouraging the construction of more homes. Trump refused to sign the bill, though it still became law. Manufactured housi...