Scott Turner Says Trump Administration Is Cutting Regulation to Help Homebuyers

U.S. Housing and Urban Development Secretary Scott Turner said on Thursday that the Trump administration is trying to improve housing affordability by cutting regulation. According to Sina Finance, he did not address the impact of rising bond yields on borrowing costs. Turner made the remarks in an interview on the sidelines of the Republican midterm conference in Dallas, saying the administration aims to lower housing costs by reducing red tape and streamlining bureaucratic processes.