US — Donald Trump stated he would not sign the housing legislation until Congress passed a bill to limit mail-in voting and require voters to submit proof of citizenship. Trump described the housing legislation as "of minor importance."
Congress passed legislation designed to accelerate homebuilding by relaxing environmental reviews and other federal regulations. The monthly cost of owning a home has reached record highs, and the typical home price has risen above five times the annual income of the typical family. The supply of new homes declined by more than 14% in May 2025 compared to May 2024. Moody's Analytics projects a contraction in single-family and multifamily residential investment annually through 2030.
Government subsidies for Affordable Care Act policies ended, resulting in an average premium increase of 58%. Enrollment in Affordable Care Act health insurance policies is projected to decline by 5-6 million in 2025.
In 2024, US agricultural exports to China declined by $17 billion, and US farm exports to Canada declined by $1 billion. The White House distributed $12 billion to farmers in December 2024. Trump won 433 of the 444 farming-dependent counties in the United States in 2024. Nine of the ten US states most dependent on exports to Mexico and Canada voted for Trump in 2024.
Since Trump took office, male employment in the US has decreased by more than 1.5 million, while female employment has increased by nearly 500,000. Additionally, the One Big Beautiful Bill Act of 2025 accelerated the reduction of subsidies for solar power development. By June 2025, rising energy costs had offset the refunds taxpayers received from the One Big Beautiful Bill Act of 2025, according to Moody's analyst Mark Zandi.
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