Treasury Secretary Scott Bessent revealed plans for the Trump administration to potentially declare a national housing emergency this fall, utilizing a measure not seen since the 2008 financial crisis. The decision comes amidst growing concerns over housing affordability and as Republicans gear up for the 2026 midterms. The XLRE ETF has shown a 4% increase year to date. Bessent emphasized affordability as a key focus for the administration moving forward, mentioning the possibility of declaring a national housing emergency during a Labor Day breakfast interview in McLean, Virginia. The White House is exploring strategies to reduce costs and boost housing supply to address the issue. For more details, visit Benzinga.com.