ST. LOUIS (KMOX) – New home construction is an important piece of the economy, so how would Donald Trump or Hillary Clinton get the hammers banging and saws buzzing on work sites again?
St. Louis Homebuilders Association president Kim Hibbs was in Detroit to hear each presidential candidate’s plan to revitalize the construction industry.
Both Trump and Clinton agree loans are difficult for many homeowners to receive.
“Home ownership right now is at its lowest level in 51 years, and they both agreed that that needs to change,” Hibbs states.
However, Clinton and Trump differ on how to make mortgages more accessible.
Another issue Hibbs says needs to be addressed is over-regulation. He says there are $80,000 in costs to build a new home, before any “sticks or bricks” are moved onto the job site.
Clinton and Trump also disagree on taxes.
“Trump wants to simplify things according to his plan,” Hibbs says. “I think the Clinton camp, you’re going to see quite a few more differences when it comes to the taxation rates and that type of thing.”
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