"Despite having one of the lowest median home prices in the country, the state's slow pace of new construction and lagging incomes have kept affordability under pressure. The Realtor.com® State-by-State Housing Report Card gave Mississippi a C-, reflecting a market where modest prices don't always translate to attainable housing. The report, part of Let America Build campaign, measures how states balance affordability and homebuilding-two sides of the same coin when it comes to the future of housing."
"In a post on his Truth Social platform in early October, he accused major builders of hoarding lots to prop up prices-likening them to OPEC, which restricts oil output to maintain high prices. "They're my friends ... but now, they can get Financing, and they have to start building Homes. They're sitting on 2 Million empty lots, A RECORD," Trump wrote. He urged Fannie Mae and Freddie Mac to intervene and "get Big Homebuilders going" to "restore the American Dream.""
Mississippi has one of the nation's lowest median listing prices at $291,262 but faces affordability strain from slow wage growth and rising mortgage costs. The state earned a C- and a total score of 44.2 on the Realtor.com State-by-State Housing Report Card, with a Realtors Affordability Score of 0.72. New construction is limited: Mississippi issued just 0.5% of national housing permits in 2024 while representing 0.9% of the U.S. population, producing a permit-to-population ratio of about 0.56. National pressure to accelerate homebuilding increased after claims that major builders are holding lots, prompting calls for federal intervention.
Read at SFGATE
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