A new survey found that U.S. renters are divided on which presidential candidate would better address the nation’s housing affordability crisis.
Vice President Kamala Harris came out as the preferred choice, with 48.4% of renters believing she would be most effective in making housing more affordable, compared to 31.2% who favored former President Donald Trump.
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The findings come from a September survey commissioned by Redfin and conducted by Ipsos. The survey polled 1,802 individuals aged 18-65, including 894 renters.
Redfin Chief Economist Daryl Fairweather attributes renters’ preference for Harris to demographic factors. Renters tend to lean Democratic because many are young city dwellers who face higher living costs and may rely more on government assistance.
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The survey also found that 43.6% of renters plan to vote for Harris in November, while 28% intend to support Trump. The remaining respondents were split between those who don’t plan to vote (12.3%), are undecided (11.7%), preferred not to answer (3.6%), or plan to vote for other candidates (0.8%).
However, Fairweather said that solving the housing crisis extends beyond presidential authority. “While the president has some tools to combat the housing affordability crisis, they can’t fix it on their own,” she said. “It’s going to take a coordinated effort by the federal government and local governments over the course of many years.”
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According to previous Benzinga reporting, both candidates have outlined different approaches to addressing housing affordability. Harris's plan includes goals for new home construction, proposing to build three million homes over four years beyond current production levels. She also advocates for $25,000 in down-payment assistance for first-time homebuyers and restrictions on corporate landlords.
Trump’s strategy largely ties housing affordability to his immigration policies. His campaign argues that mass deportations would reduce housing demand and lower costs, though experts say that it oversimplifies the relationship between immigration and housing markets.
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The housing affordability issue has gained unprecedented prominence in this presidential campaign, reflecting its growing impact on American households. Recent data issued by Redfin indicates that the renter population is expanding three times faster than the homeowner population.
Economists remain skeptical about the feasibility of some proposals. Jenny Schuetz, a senior fellow at Brookings Metro, told the Los Angeles Times that there are limitations to federal intervention in housing construction. “The federal government doesn’t really build any homes,” she said.
As the campaign continues, the candidates’ differing approaches to housing affordability represent a choice for voters, particularly the growing renter population struggling with rising costs.
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