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Story summary
- President Donald Trump signed a March 2026 executive order to cut regulatory barriers and lower construction costs.
- U.S. homebuilders are cutting new construction as residential permits fall 19.4% below pre-pandemic trend.
- Austin permits dropped 25.3% year over year, the largest decline among major markets.
- San Jose permits surged 122% and Seattle permits rose 35.8% in the past year.
- Zillow estimates a 4.7 million-unit housing deficit remains nationwide.