What **could** have been in the EO:

* **3 million new homes over four years**
* **tax incentives for builders**
* a **$40 billion affordable-housing fund**

What the EO **actually** does:

* trims **federal** (not local) permitting and regulatory friction
* pushes **best practices** for states and cities
* leans toward **single-family / manufactured housing**

What it does **not** do:

* override local zoning
* remove density caps
* cut minimum lot sizes

That distinction matters.

Austin’s rent drop followed a **real supply surge**:
about **120,000 units**, roughly **30%** more housing stock.

That pushed vacancies up, landlord leverage down, and rents lower, including for lower-end units.

**Austin changed the local rules that block supply.**
**This EO doesn’t come close to reproducing that mechanism at scale.**

The binding constraint on supply is still local land-use regulation: zoning, density caps, and minimum lot sizes.

Yermin

Trump's EO is not addressing the supply issue directly.  Without that, it doesn't move the needle for the 65 out of 100 extremely low income renters who can't find housing.