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Trump's Immigration Policies Could Cut Rent Inflation, Experts Debate

9/28/2025

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Summary

Story summary

Economist Stephen Miran says Trump's immigration policies would lower rent inflation by 2 points through 2027, reducing inflation by 0.4 points.
A 2008–2013 deportations study linked higher housing prices to a reduced construction workforce.
MIT economist Albert Saiz says Miran overstated inflation's impact, finding a smaller rent effect; Federal Reserve (the Fed) clarified Miran's speech after inquiries.

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Story summary

Economist Stephen Miran says Trump's immigration policies would lower rent inflation by 2 points through 2027, reducing inflation by 0.4 points.
A 2008–2013 deportations study linked higher housing prices to a reduced construction workforce.
MIT economist Albert Saiz says Miran overstated inflation's impact, finding a smaller rent effect; Federal Reserve (the Fed) clarified Miran's speech after inquiries.