Trump's Deportation Plans Spark Concerns Over Housing Costs
Experts warn that mass deportations could exacerbate the construction labor shortage, driving up home prices despite Trump's claims of reducing housing costs.
- President-elect Donald Trump plans to deport millions of undocumented immigrants, arguing it will lower housing costs by reducing demand.
- Economists and housing experts caution that deportations could worsen the existing shortage of construction workers, leading to higher home prices.
- Undocumented immigrants make up a significant portion of the construction labor force, with estimates suggesting they account for 15% of workers nationally.
- Industry leaders express concern that replacing this labor force would be costly and time-consuming, potentially slowing down homebuilding efforts.
- While Trump claims that deportations will alleviate housing affordability issues, experts argue the root cause is a lack of housing supply, not immigrant demand.