New White House report has plans to fix US housing shortage of 10 million

A White House report, released in April 2026, estimates a US housing shortage of 10 million homes and proposes regulatory cuts to spur construction. The report, part of the annual Economic Report of the President, argues increased homebuilding would benefit the middle class and the economy. President Trump signed executive orders in March to ease housing regulations, but faces challenges including the US-Israel war on Iran driving up mortgage rates. Trump has also expressed a desire to keep home prices high, creating a tension with the report's recommendations. The report presents both a political risk and an opportunity for Trump, whose approval ratings have suffered due to economic concerns.

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. 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.