Builder Shares Rise Despite Trump’s Threat to Kill Housing Bill
Bloomberg 2026-06-24 21:42:17
Context: The housing market is experiencing a mixed trend, with high-end homes continuing to sell well, as President Trump's threat to kill a housing bill does little to dampen builder shares. According to Katie Hubbard, president of US capital markets for Walton Global, high-income clients are still actively buying and building homes, driving demand in the upper end of the market. This comes as efforts to increase housing affordability for the broader public face challenges.
Key Facts
- Despite President Trump's threat to kill a housing bill, builder shares are rising, indicating a resilient market, particularly in the higher end of the housing sector.
- Katie Hubbard, president of US capital markets for Walton Global, notes that high-income clients continue to drive demand for high-end homes, with many still willing to pay to buy and build homes.
- The higher end of the housing market is still performing well, with high-income clients sustaining demand, according to Hubbard's assessment of the current market conditions.