Trump Claims 'Most Aggressive Housing Reform in History' Will Lower Costs

President Donald Trump again vowed to cut housing costs and dangled the promise of dramatic action to address the affordability crisis while making a special address to the nation on Wednesday.

"Mortgage payments will be coming down even further early in the new year," Trump said in his speech from the Oval Office. "You will see this in the new year, I will announce some of the most aggressive housing reform plans in American history."

It is not the first time Trump has promised drastic action on housing costs, after signing an order for "emergency price relief" on the first day of his second term, and floating plans for declaring a national housing emergency this fall, which never materialized...