Treasury Secretary Scott Bessent said Monday that President Trump may grant some exclusions on tariffs for home construction supplies, potentially offering relief to homebuilders.

Why it matters: The housing market has stalled as the cost of purchasing has increased and supply has dwindled. High interest rates, as well price increases for construction materials for building, renovating, or repairing, have also contributed to a stagnant market. • While housing prices have cooled off from their pandemic-era peak, Redfin estimated in June that there are approximately 500,000 more home sellers than buyers — but that most were still struggling to find an affordable mortgage.

Driving the news: Bessent told The Washington Examiner on Monday that the president is considering "declaring a housi

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