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Housing Prices Plunge, Ford Suffers, Climate Rules Rolled Back

The housing market is facing an affordability crisis, leading to price cuts on new homes, while the electric vehicle (EV) sector anticipates a downturn, and the Trump administration is rolling back a climate change finding, according to reports released Thursday and Tuesday. Meanwhile, an Indian court rebuffed a plea for better pay for domestic workers, and six Republican representatives defied Trump to block Canadian tariffs.

The housing market's affordability crisis is prompting homebuilders to aggressively slash prices on new homes, a first in recent history, according to a Realtor.com report. Lennar's average sales price dropped year-over-year to $386,000 in Q4 2025, according to its earnings report. During the fourth quarter of 2025, nearly 20% of new homes faced price cuts. Stuart Miller, CEO of Lennar, said during a December earnings call that the affordability crisis is excluding many average American families from homeownership.

Ford Motor Company CEO Jim Farley warned of an impending downturn in the EV market, predicting a smaller market than initially anticipated. Farley cited the end of federal tax credits as a "game-changer," expecting a reduction in U.S. EV sales. JD Power estimated that EVs were 6.6% of new retail sales in January, suggesting the total picture is very close to what Farley predicted.

The Trump administration is repealing a landmark legal finding used for regulating greenhouse gas emissions, a sizable policy shift. However, legal experts and industry analysts said the practical implications for the energy and auto sectors will be limited in the short term. Existing regulations largely remain intact as industries continue to move toward safer and cleaner technologies.

In India, an Indian court did not support a petition on behalf of domestic workers seeking better pay and protections. One domestic worker, Meenakshi, described the disrespectful treatment she faced from her employer.

Additionally, six Republican representatives defied President Trump to block Canadian tariffs.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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