US developers are in talks to build one million 'Trump Homes' for first-time buyers, aiming to address the country's housing affordability crisis. The project, dubbed 'Trump Homes' in industry circles, involves a proposal by Lennar Corp and Taylor Morrison Home Corp to develop entry-level homes. These homes will be leased to tenants over a three-year period through a rent-to-own scheme, with monthly rent contributing towards a potential deposit. The scale of the project is yet to be determined, as it depends on the interest of additional home builders. However, the goal is to build up to one million homes. The housing affordability crisis in America is severe, with estimates suggesting a need for between two to three million new homes to resolve the shortage. Others, including Zillow, claim the figure is closer to 4.7 million. The affordability crisis could worsen as all-cash buyers receive bigger discounts and financed buyers face a larger payment burden. Single-family rent growth has cooled to 15-year lows, with declines across many major metros. In 2026, easing mortgage rates may increase home buying activity, but limited supply and non-mortgage expenses are expected to keep competition uneven and buying outcomes highly local. The White House has released a statement claiming US President Donald Trump has made advancements in tackling the country's housing affordability issue. However, Trump or members of his administration have yet to publicly comment on the 'Trump Homes' initiative. More than 20 million renters in America spent more than 30% of their income on housing costs, a situation that affects nearly the entire Australian population. The national population reached 27.6 million in 2025.
