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Immigration curbs under President Trump helping ease U.S. rent surge
Rent prices are easing as illegal and legal immigration into the country slows down, largely due to President Trump’s immigration policies.
Breitbart reports that a Wall Street Journal piece called “Renters Have the Upper Hand. And They Are Probably Keeping It,” shows that rent prices have been dropping across the country. According to the article, the national average rent fell 0.3 percent from August, which is the steepest drop in rent in more than 15 years. A report from Redfin earlier this year found that 28 of the 44 major U.S. core-based statistical areas experienced rent declines higher than those in September 2023.
The decline of rental prices is happening at the same time as immigration into the country slows, and this is no coincidence. The WSJ article credits President Trump, writing, “as President Trump cracks down on international immigration, the influx of new foreign residents is also slowing.”
According to Breitbart, Vice President JD Vance has also credited the lowering housing costs to President Trump’s low-immigration approach.
Why has housing leveled off over the last six months? I really believe the main driver is you’ve had negative net migration into the United States for the first time in 60 years in this country,” said Vance.
He added, “You cannot flood the United States of America with 20, 30, 40 million people who have no legal right to be here, have them compete against young American families for homes, and not expect the price to skyrocket. It’s simple supply and demand.”
In early January of this year, data from the Center for Immigration Studies revealed that the U.S. had the largest immigrant population in the world, comprising 53.3 million foreigners. This accounted for approximately 15 percent of the population in January. This was an 8.3 million increase in the last four years.
According to Breitbart, last year, the Director of Research at the Center for Immigration Studies, Steven Camarota, warned Congress that “a 5-percentage-point increase in the recent immigrant share of a metro area’s population is associated with a 12-percent increase in the average U.S.-born household’s rent, relative to their income.”
Now, with President Trump at the helm of the country, rent prices are easing.
political news writer at RSBN who devotes much of his free time to exploring the world of politics. He enjoys following political stories and writing about the latest national and global news affecting the lives of all. He is passionate about ensuring the people of America are informed of the policies and powers influencing the nation.
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