Of course it can.
Increase supply:
Bring interest rates down: stop the massive deficit spending and what has become permanent monetary easing.
Make home building cheaper and easier: kick the unions in the ass, allow for cheap labor from the South, control the tax burden (in many places taxes are a huge cost ~1/3 of a mortgage isn’t unusual), open up government held land for development, get rid of some of the bureaucratic red tape and idiotic regulations.
Prices will drop eventually as you flood the market with more new homes.
Absolutely do not try to fix the problem with government rent controls, subsidies for so called poor people in homes already built... Those ideas actually fuel the problem! More money chasing a limited supply and drying up investment since the profit incentives are lost with stupid rent controls.
Increase the number of welding programs at the community colleges. Then build container housing. One container is move-in ready. Expansion can be do-it-yourself after the welding is done. The ‘shells’ are ready to go and foundations are unnecessary as cylindrical cement piers can be planted as needed.
“Bring interest rates down: stop the massive deficit spending and what has become permanent monetary easing”
LOL - Lower interest rates are part of monetary easing. You seem to want one without the other.