New Delhi, Oct. 6 -- United States President Donald Trump on Sunday compared America's largest homebuilders to the Organisation of the Petroleum Exporting Countries (OPEC), accusing them of hoarding land and restricting housing supply in a manner similar to how oil producers limit output. In a post on Truth Social, the president said, "Before I became President, 'OPEC' kept Oil prices high. It wasn't right for them to do that but, in a different form, is being done again - This time by the Big Homebuilders of our Nation."

Trump claimed that the country's major developers were "sitting on 2 million empty lots" despite now having access to financing, calling the practice a record and urging government-backed lenders Fannie Mae and Freddie ...