Some experts say that the recently proposed infrastructure plan from President Donald Trump could bring improved roads and bridges and updated sewer systems, while others say homeowners and homebuyers could face rising taxes and home prices.
For home builders, the plan could further dwindle the labor force. More employers would compete for additional labor on new projects, causing wages to rise, and there may be added delays on new housing and other building projects, per Realtor.com. The price of materials is also likely to rise. “In parts of the country that want to do infrastructure and want to do housing, they’re going to have troubles," says Carnegie Mellon economics and public policy professor Robert Strauss.
"Years of inaction have allowed American infrastructure to degrade into a state of disrepair," according to a White House statement released on Tuesday. "The administration is committed to reversing this sad course." But under the proposal, the federal government would provide only about $200 billion of that investment. States, localities, and the private sector would be on the hook for the rest of the amount.
