The Mortgage Bankers Association, fresh from talking with leaders at both the Democratic and Republican national conventions, now weighs in on what this election means for housing.
At both conventions, MBA President and CEO Dave Stevens said the MBA hosted panels with members of Congress to stress the importance of housing for the next administration.
“We’ve spent the last eight years with an administration that dealt with a recession, and there’s no other way to look at it,” Stevens said. “Their focus was the housing crisis.”
Unfortunately, neither Donald Trump, the Republican nominee for president, nor Hillary Clinton, the Democratic nominee, have said much about housing individually, but here's a recap of what each party’s platform says about it.
Housing continues to be an important topic for voters, though, as 76% of Americans who are likely to vote in the 2016 presidential election say they are more likely to support candidates who make housing affordability a focus of their campaigns and a priority in government, according to a national public opinion poll by Make Room.
“We have an opportunity to pivot here; this next administration, regardless of which party takes the White House, is coming in with a blank slate,” Stevens said.
