Trump Effect

Trump’s Economic Impact Bringing Americans Home in Record Numbers

There have been no shortage of success stories emanating from within the Trump administration over the course of the last year, despite significant “resistance” from the radical left.

Donald Trump truly did storm into office in January, after a tumultuous election whose results are still being felt today by the liberal left, as doomed democrat Hillary Clinton continues to find herself implicated in scandal after scandal on her way to political obscurity.

For Trump, however, things have been much rosier after a rough patch in the first half of the year.  The President certainly had his fair share of opposition to his temporary travel ban and his attempts to repeal and replace Obamacare were eviscerated by Deep State shills who are are beholden to the insurance industry.  Now, however, as tax reform finally heads to his desk in the Oval Office for a signature, the President seems to be coming back to his desired path.

These successes have contributed to what many are calling “The Trump Effect”, in which American consumer confidence has soared thanks to the business acumen of the Commander in Chief.  It is precisely this reality that has brought home ownership into the lives of more Americans than ever.

“U.S. home sales increased more than expected in November, hitting their highest level in nearly 11 years, the latest indication that housing was regaining momentum after almost stalling this year.

“The National Association of Realtors said on Wednesday that existing home sales surged 5.6 percent to a seasonally adjusted annual rate of 5.81 million units last month amid continued recovery in areas in the South ravaged by Hurricanes Harvey and Irma. That was the highest level since December 2006 and followed an upwardly revised 5.50 million-unit pace in October.

“Economists polled by Reuters had forecast home sales rising 0.9 percent to a 5.52 million-unit rate in November from a previously reported 5.48 million-unit pace in October.

“Existing home sales make up about 90 percent of U.S. home sales. They rose 3.8 percent on a year-on-year basis in November.

“The NAR said sales in the South, which accounts for almost half of the existing homes sales market, increased 8.3 percent last month. Sales rose 6.7 percent in the Northeast and jumped 8.4 percent in the Midwest. They, however, fell 2.3 percent in the West, which has seen a strong increase in house prices.”

The sheer investment of owning a home in modern society can be a daunting task, especially when we start to examine the millennial market for homes.  A great many of our nation’s young people are straddled with debt the likes of which their parents could never imagine, making home ownership a tertiary goal at best.

This new evidence shows that, even if the millennials pretend to despise The Donald, his economic impact is greatly improving their lives…something that very few of these youngsters will ever be willing to admit.

 

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