Unlike some parts of the U.S. economy, the housing market has not experienced the "Trump Bump". New analysis evaluates how household changes in optimism after the 2016 presidential election manifested in the housing market.
To gauge market health under Donald J. Trump's first year in office compared to Barack Obama's final four years, Trulia examined five factors: house price appreciation, rent appreciation, changes in the residential vacancy rate, and the number and valuation of building permits. While both red and blue counties have had a rise in the number of building permits, the valuation of those permits have dropped between 3.3 to 4 percent.
Red counties and blue counties alike have seen a decrease in home value gains, but the decrease was larger for blue counties (8.2 percent to 6.9 percent) than it was for red counties (8.1 percent to 7.9 percent). Rent growth has declined similarly in both red and blue counties, by 2.6 and 2.5 points, respectively.
