Newsom Blames Trump for Record Housing Costs, Drawing Backlash Over 2021-2024 Chart Spike
Updated
Updated · Fox News · Sep 16
Newsom Blames Trump for Record Housing Costs, Drawing Backlash Over 2021-2024 Chart Spike
1 articles · Updated · Fox News · Sep 16
Summary
Gavin Newsom drew criticism after posting on X that Trump deserved credit for homes becoming “the most unaffordable in history,” alongside a chart showing the income needed to buy a median-priced home from 2005 to 2026.
Critics said the graph undercut his point because the steepest rise came in 2021-2024, during Joe Biden’s presidency, even though the line reached its highest level under Trump’s second term.
The backlash also revived comparisons to a deleted Democratic Party post on grocery prices that similarly highlighted 2025 levels while the sharpest run-up appeared earlier under Biden.
The dispute landed as Newsom has tried to show progress on affordability, signing a 2025 housing package easing CEQA rules and additional July reforms to speed financing and project reviews.
The White House used the episode to contrast Trump’s housing agenda, citing a $200 billion mortgage-bond push and other supply-focused steps as Newsom weighs a possible 2028 run.