In response to escalating housing costs, Bessent indicated that the Trump administration is exploring a range of measures to improve housing affordability. This includes the potential declaration of a national housing emergency, a decision that may come as early as this fall. Bessent also suggested that exclusions on tariffs for certain construction supplies could be on the table. As the administration prepares to tackle the housing crisis, predictions of significant economic improvement by 2026 surface, coupled with discussions about the implications of a national emergency declaration for the real estate and construction sectors.