Pulte Blasts Powell: ’Creating Long-Term Housing Crisis’

Homebuilding titan Pulte takes aim at Fed Chair Powell's monetary policy—warning of structural housing market damage that could linger for years.

The Interest Rate Hammer

Aggressive rate hikes slammed affordability, crushed buyer demand, and stalled construction pipelines. Pulte argues short-term inflation fighting creates deeper systemic problems.

Supply Chain Carnage

Construction loans dried up overnight. Material costs soared. Labor shortages intensified. The housing ecosystem faces fractures that won't heal quickly—even when rates eventually retreat.

Generation Lock-Out

First-time buyers face permanent exclusion from homeownership as prices remain elevated and financing stays restrictive. Another Fed-fueled wealth transfer to asset holders—because apparently traditional housing wasn't speculative enough already.

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“By keeping interest rates high, Jerome Powell is creating longer term housing issues,” Pulte said in an X post on Tuesday.

Mortgage Costs Remain High as Powell Faces Criticism

Pulte is likely suggesting that high interest rates hamper affordability for homebuyers through higher mortgage rates. The 30-year fixed-rate mortgage is indirectly influenced by the FFR through its LINK to long-term bond yields, such as the 10-year Treasury. However, the relationship isn’t 1:1, as long-term yields are also impacted by other factors, such as inflation expectations and the health of the economy.

Earlier this month, Pulte said that the cost of a home mortgage is double what it was during President Trump’s first term, pressuring Powell to lower interest rates immediately. He also accused Powell of “hurting the housing market.”