US developers are in talks to build one million 'Trump Homes' for first-time buyers, aiming to address the country's housing affordability crisis. Building firms Lennar Corp and Taylor Morrison Home Corp are reportedly working on a proposal to develop entry-level homes, according to Bloomberg. Under the proposal, investors would lease out the homes to tenants over a three-year period, with monthly rent counted towards a potential deposit. The project's scale is uncertain, depending on the interest of additional home builders. However, the 'Trump Homes' initiative aims to build up to one million homes. Housing affordability in America remains a critical issue, with estimates ranging from two to four million new homes needed to resolve the shortage, according to Moody’s and Goldman Sachs and Zillow, respectively. The White House has released a statement claiming US President Donald Trump has made advancements in tackling the country’s housing affordability issue, but Trump or his administration have yet to publicly comment on the 'Trump Homes' initiative. More than 20 million renters in America spend over 30% of their income on housing costs, highlighting the urgency of the crisis.
