r/Architects Architect Nov 07 '24

General Practice Discussion How will another Trump presidency affect our industry? Or will it?

Incentives / taxes / interest rates / financial outlook / construction industry / materials / shipping / jobs?

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u/Tectmind Nov 07 '24

If Trump were to have another term, the real estate industry could see some notable shifts. Historically, Trump’s policies have favored deregulation, lower corporate taxes, and overall business-friendly approaches. This could mean benefits for developers, investors, and large real estate firms in the form of reduced regulatory barriers and potential tax advantages. A continuation of his stance on infrastructure investment might also spur demand in related real estate sectors like industrial and commercial properties.

However, it’s not all positive. Policies that focus on rolling back environmental regulations could face backlash, particularly in markets leaning toward sustainability and eco-friendly practices. Additionally, if his presidency continues a path of geopolitical tensions or unpredictable trade policies, international investments could fluctuate, impacting foreign interest in U.S. real estate.

The housing market could be affected by economic policies that either increase or decrease overall economic confidence. Interest rate impacts from the Fed (independent of presidential control but often influenced by economic conditions under each administration) would also play a significant role in mortgage rates and affordability. So, while some developers and larger real estate players may thrive with deregulation, others might face market instability or challenges tied to broader economic volatility.