The Trump administration is signaling stricter scrutiny on homebuilder stock repurchases. Industry leaders like Pulte are pushing for a strategic shift—boosting actual construction activity rather than rewarding shareholders through buybacks. The key stance: government-backed mortgage support from entities like Fannie Mae and Freddie Mac ($FNMA $FMCC) should fuel housing production, not corporate buyback programs. This policy direction could reshape capital allocation strategies across the residential construction sector, forcing builders to choose between stock buybacks and expanding housing supply. The move reflects broader efforts to address housing affordability through increased building activity.