The US is short 10 million houses. A new White House report lays out a blueprint to fix that
A White House report estimates the United States is facing a shortage of 10 million houses. The report, part of the Economic Report of the President, suggests that regulatory cuts could stimulate construction, stabilize prices, increase home ownership, and boost economic growth.
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AI-generatedA White House report estimates the United States is facing a shortage of 10 million houses. The report, part of the Economic Report of the President, suggests that regulatory cuts could stimulate construction, stabilize prices, increase home ownership, and boost economic growth. President Trump signed executive orders in March to reduce housing regulatory burdens and ease mortgage access for smaller banks. The administration has been attempting to address housing affordability issues in preparation for the midterm elections. However, global issues like the Iran war have diverted attention and impacted housing costs, with mortgage rates increasing.
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4 extractedTrump signed two executive orders in March directing federal agencies to reduce housing regulatory burdens.
Average rates for 30-year mortgages jumping from just under 6% to 6.37%.
White House economists estimate the United States has a shortage of 10 million houses.
Regulatory cuts could lead to more construction to stabilize prices, increase home ownership and fuel faster economic growth.