Doug Bauer, CEO of publicly traded home building company Tri Pointe Homesexpects “a pretty strong spring sales season” after a two-year depressed period existing home sales—and lately hesitations between buyers and sellers mortgage rate Fluctuations continue before the presidential election.

Inside report Speaking to CNBC yesterday, Bauer explained that there is demand for houses. After all, everyone wants a place to live; The issue is supply. In his eyes, the incoming administration could mean good things for the housing world: from corporate taxes to regulations to mass deportation. Yet much of what hinders construction comes from land use control at the state and local level, especially in states with high costs of living. California.

Bauer explained that there are many unknowns, but there is still one thing we can expect, and that is regarding the corporate tax rate. “The corporate tax rate will remain the same or decrease,” he said. “So that’s a positive.”

Then there’s editing. Republicans and deregulation are almost always inseparable; thus, another Donald Trump presidency could lead to these trends. In particular, Bauer sees reform across a wide range of government agencies, from the Department of Housing and Urban Development to agencies dealing with energy and the environment. It is possible that the reform through a loosening regulatory environment can actually be considered a product of the first Ministry of Government Efficiency.to be managed by none other than the world’s richest man Elon Musk and former Republican presidential candidate Vivek Ramaswamy.

Bauer said: “Financial markets and banks will deal with much less regulation. “The economic windfall of this, you see, is that banks will have more incentive to put dollars into small and medium-sized builders in all businesses, especially land and land development.”

While public builders don’t have much of a problem with financing, he said “turning on the financial tap would help the industry as a whole.” We may also see more mergers and acquisitions, which some say could be beneficial for real estate companies.

Either way, Bauer and Tri Pointe Homes aren’t the only ones who appear to have a more positive outlook for next year, whether it relates to another Trump presidency or not. UWM HoldingsUnited Wholesale Mortgage’s parent company announced positioning for refinancing in its third-quarter results explosion. The company’s refinancing volume increased from $6.5 billion in the previous quarter to $13.3 billion this quarter; This indicates that momentum in the refinancing market will increase despite higher interest rates. Chairman and CEO Mat Ishbia was bullish on the results and said the firm is poised to benefit from a refinancing boost that “inevitably” comes.

“Right now, UWM is in a much better position than we were before the last refinancing boom,” Ishbia said in a statement. “Simply put, our operational fitness is at an all-time high and you will see us accelerate from here.”

Then there is 27 billion dollars Rocket CompaniesThe company, which operates Rocket Mortgage, Rocket Loans and Rocket Homes, increased its refinance market share from 12% to 20% in 2024. announced this month. The company’s mortgage loan volume also increased by 78% compared to last year; offers home equity loans as an alternative to refinancing. Its goal is to further increase its share of refinancing by 2027, according to its latest financial report. Applications.

Rocket’s CEO, Varun Krishna, announced during the company’s latest earnings call that it has identified “growth audiences” that could reshape the home-buying landscape: female heads of households, Hispanic buyers and aging first-time homebuyers. “Women’s economic influence will continue to grow, with women managing two-thirds of household wealth,” Krishna said, according to a transcript. “Our brand will evolve to meet these customers exactly where they are.”

For this purpose the company reportedly He purchased the new domain name Rocket.com for 14 million dollars. Krishna said during the call that he will “unveil the new Rocket brand identity” in February 2025. The company also return “The transformation began with our recent acquisition of Rocket.com, a site that will unify the homeownership experience across home search and mortgages,” said Krishna. “In the coming months, we will share a larger goal with the country and build a brand that represents our customers’ ability to once again achieve the elusive American Dream.”

Not all roses

But there is the issue of tariffs.Trump tariffsReally. When asked, Bauer said he thought it was possible that tax cuts implemented before tariffs would actually offset any increases in businesses’ prices and margins. “I think this new administration will have a positive impact commercially and economically,” he said.

While on the campaign trail, Trump vowed to mass deport undocumented immigrants and, as president-elect, said: approved He would declare a national emergency to do just that. This has implications for labor supply and therefore the cost of building houses, etc. There was some concern about its impact on Once again, Baur said there are many unknowns, but he doesn’t seem to be expecting a conclusion.

“Frankly, I think we don’t really know the overall impact and is it going to be more focused on criminals? So I think whatever is done will be done lawfully,” he said. “As a larger builder, we have had no issues this year with the labor side of the equation. And frankly, when you look back at the Trump years, we had no problems with labor. So marginally I think this won’t be a big deal.

Tri Pointe’s shares are up nearly 173% over the past five years and 40% in the past year. Unlike the rest of the housing world, builders were mostly resilient; they offered mortgage rate purchaseslowered prices and even built smaller houses To counteract rising rates, sky-high prices, and insufficient supply This has defined the market for some time and may continue to do so.

November 20, 2024: Varun Krishna’s title was misstated in the story due to an editing error. He is the CEO of Rocket Companies.

This story first appeared on: Fortune.com