Part 6/9:
The Trump administration’s approach to eliminating or reducing regulations could have implications for the construction industry, which accounts for 66% of lumber consumption. Reducing regulatory constraints, such as zoning and environmental regulations, might lower construction costs and encourage new projects. Yet, state-level regulations may limit Trump's capacity to affect these changes significantly in the short term.
A more impactful strategy may involve incentivizing low-income housing projects through tax breaks. Developers are often dissuaded from building affordable housing due to lower profit margins; incentives could encourage more construction, potentially raising demand for lumber.