Here are the details of President Trump’s State of the Union speech to the 116th Congress and what some of the issues addressed by him could mean for the housing industry.
Bipartisanship was the theme throughout President Donald Trump’s State of the Union address on Tuesday. Touching upon some of the key factors that have propelled the U.S. economy such as a tight jobs market, low unemployment rates, and a fast GDP growth, all of which have also impacted the housing industry, Trump declared that the “State of our Union is strong.” However, he said that “victory is not winning for our party, victory is winning for our country.”
The border wall, trade talks, and the recent government shutdown were some of the prominent topics that he touched upon during his State of the Union speech that lasted more than an hour. Stressing that it was time to redefine the American middle-class Trump said that it was time for both parties to come together to make “our communities safer, families stronger and our middle-class bigger and more prosperous than ever before.”
Commenting on the address, HUD Secretary Dr. Ben Carson said that the address offered a strong vision of unity that put the country before politics and that both parties in Congress work together to fix the broken immigration system. “There is no challenge we cannot overcome if we embrace the bipartisan, common-sense approach our President outlined tonight,” he said.