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Home Sellers Double Concessions as Trump Signs Housing Act

6/29/2026

25 5 Full Breakdown

Summary

Story summary

U.S. home sellers offered record concessions in May, with 46% giving concessions to buyers.
The concession rate doubled since 2022, marking a second consecutive annual increase.
The market has about 47% more sellers than buyers, driven by high mortgage rates and uncertainty.
President Donald Trump will sign the 21st Century ROAD to Housing Act, passed 85–5, as housing starts fell 15.4% in May to 1.18 million units, the lowest since 2020.

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Story summary

U.S. home sellers offered record concessions in May, with 46% giving concessions to buyers.
The concession rate doubled since 2022, marking a second consecutive annual increase.
The market has about 47% more sellers than buyers, driven by high mortgage rates and uncertainty.
President Donald Trump will sign the 21st Century ROAD to Housing Act, passed 85–5, as housing starts fell 15.4% in May to 1.18 million units, the lowest since 2020.