Very likely housing affordable housing bill will become law itself, says Strategas' Dan Clifton

Summary

Dan Clifton of Strategas discusses the path for the affordable housing bill to become law despite presidential pushback, explains why the Save America Act has slim odds of passing, and Kelly Evans highlights manufactured housing stocks as potential beneficiaries. The conversation also touches on progressive Democratic primary wins and their long-term political implications.

• Affordable housing bill likely to become law even if the President withholds signature, as Congress can keep the session open past July 4.
• President has limited leverage to get the Save America Act attached; odds of the SAVE Act passing are estimated at 15-20%.
• Host notes that manufactured housing stocks (Cavco, Champion, NFB Financial, Legacy Housing, Louisiana Pacific, Patrick Industries) would benefit from the bill and have been outperforming.
• Progressive victories in New York City Democratic primaries reflect a populist insurgency that could influence the 2028 presidential primary.
• Political dynamics show two factions within each major party, complicating legislative outcomes.