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Stock impact report

Trump says deportations will lower housing costs. The reality is complicated. [Yahoo! Finance]

Landsea Homes Corporation (LSEA) 
Company Research Source: Yahoo! Finance
As he tells it, millions of immigrants are pouring over the border and taking up scarce housing in a market that is already tight on supply and increasingly unaffordable for the middle class. But housing market experts say the relationship between rising immigration and surging housing costs isn't so clear. On one hand, immigrants, of course, need their own housing, and higher demand can make rents and home prices more expensive. On the other, immigrants disproportionately help contribute to new home supply because so much of the construction industry runs on their labor. “When I hear about mass deportations or tighter border security, I think it could send a chilling effect through the immigrant population in the construction industry and therefore reduce the labor pool and drive labor costs up,” said Jim Tobin, president and chief executive officer of the National Association of Home Builders (NAHB), a trade group. Ultimately, those policies can cause construction delays and m Show less Read more
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