CNN —
After officially taking office earlier this week, President Donald Trump ordered “emergency price relief” for Americans on housing costs and other living expenses.
“Many Americans are unable to purchase homes due to historically high prices, in part due to regulatory requirements that alone account for 25 percent of the cost of constructing a new home according to recent analysis,” an executive action signed by Trump on Monday read.
However, the executive action offers few specifics about how the administration plans to lower home costs. Cutting federal regulations may provide some cost savings,
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