Even voters who identify as foot soldiers of his political army are increasingly willing to blame Trump for their economic troubles

The political consequences of Donald Trump’s policy mayhem are now coming into view: “Maga” America is getting pissed.

It has been a sight to see how every one of the president’s policy initiatives has sabotaged some core constituency or other. From farmers and rural Americans to manufacturing workers and every American struggling to make ends meet, Trump has torched pretty much his entire political base. For all his efforts to rig the midterm elections in his favor, it’s as if he is daring the Maga faithful to drop him.

A housing shortfall, record home costs and cuts to subsidies are intensifying the US affordability crunch

Of the various dimensions of the affordability crisis weighing on US families, housing probably weighs heaviest. The typical home price has risen above five times the annual income of the typical family. The monthly cost of owning a home has hit record highs.

The US faces a housing shortfall of millions of homes. But builders are not rushing to meet the shortfall. The supply of new homes declined over 14% in May, compared to May of 2025. Moody’s Analytics expects single-family and multifamily residential investment to contract every year between now and 2030.