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Posted on 04/20/2026 8:00:36 AM PDT by millenial4freedom
WASHINGTON, D.C. — White House economists estimate the United States has a shortage of 10 million houses, according to a new report out Monday — and say regulatory cuts could lead to more construction to stabilize prices, increase home ownership and fuel faster economic growth.
Trump has signaled that taming high housing costs is a top priority for his administration.
The housing chapter of the annual economic report, obtained by The Associated Press before its release, lays out a blueprint for how more home construction would help the middle class and the overall economy, setting up an argument that Trump could make to voters.
Put together by staff at the White House Council of Economic Advisers, it finds there would be 10 million more houses in the country if “homebuilding and the growth of the single-family housing stock had continued at their historical pace instead of falling dramatically” after the 2008 global financial crisis. That crisis was caused largely by a wave of defaults in the housing market, where prices had been fueled by problematic lending practices.
The analysis notes that home prices have risen 82% since 2000, while incomes are up just 12% — a mismatch that had been masked for a period by historically low mortgage rates. But when rates jumped with inflation in the aftermath of the pandemic, monthly mortgage costs also rose for buyers, and affording a home became a top concern for voters under 40.
The report says that various regulations on home construction add more than $100,000 in costs to building. That cost includes changing the building codes over the past decade, compliance costs and zoning approval fees, among other expenses.
By the report’s estimates, a reduction in those regulatory costs could help spur construction of as many as 13.2 million homes.
(Excerpt) Read more at nsjonline.com ...
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Why project a tiny sliver of the residential housing market onto the entire country? Illogical and worthless.
More grift for builders. (Surprise, surprise)
What we need is the deportation of 10s of millions of illegals. Then we’d have plenty of affordable housing.
At least 50 million illegals, but your point is spot on.
Yep, we can deport our way out of this mess.
what’s wrong with cutting zoning regulations and whacko-green-scam laws at the federal level?
Let me guess computer guy, you came here from Asia on an H visa?
Actually, I’m a Vietnam combat vet.
Awesome. Weird how you are pro illegal invasion.
Just spitballin' here....
Send the illegals home. Problem solved.
Deport 40 million foreigners and the problem fixes itself.
Agreed.
Laz, that’s not fair. You weird creatures will survive.
1 cup a day for you from now on.
WIKI
The First Tenement House Act in 1867 required a fire escape for each unit and a window for every room. The second second Tenement House Act in 1879 required windows to face a source of fresh air and light, not an interior hallway. An amendment in 1884 mandated interior plumbing. The failures of the Old Law—the air shafts developed to meet the minimum intent of the Act proved to be unsanitary as they filled with garbage, bilge water, and waste—led to the 1901 “New Law” and its required courtyard designed for garbage removal.
A typical Lower East Side street will be lined with five-story, un-ornamented pre-law (pre-1879) and six-story, fancifully decorated Old Law (pre-1901) tenements with the much bulkier grand-style New Law Tenements on the corners, always at least six stories tall.
https://en.wikipedia.org/wiki/New_York_State_Tenement_House_Act
What’s odd is these massive new apartment complexes are flipped left and right by their builders/owners. There must be more to it than simply zoning and banking.
Let’s build some affordable housing, say 100 units.
Who will give me the going rate [say $200,000] for these fine new units?
Step right up!
$198,000
sold
$195,000
try a bit higher
$197,000
You’ve got a deal.
....
Let’s build some more affordable housing, say 80 units.
Who will give me the going rate [say $195,000] for these fine new units?
Step right up!
$193,000
sold
$188,000
try a bit higher
$190,000
Well, you’ve got a deal.
....
Let’s build even more affordable housing, say 100 units.
Who will give me the going rate [say $190,000] for these fine new units?
$185,000
try a bit higher
That’s a firm price, you’re running out of affluent buyers
Well, you’ve got a deal.
$182,000, and that’s my final offer Mister!
sold
....
Let’s build even more affordable housing, say 60 units.
Who will give me the going rate for these fine new units?
Come on!
Everybody that buys your units is underwater. Sell it to Blackrock for whatever they’ll pay.
....
That won’t cover the loans.
Let us see your financials.
Let us talk to your lenders.
OK, we can do a deal for $136,000/unit. We’ll close next Friday, 9am.
Before zoning, mortgages were generally limited to 50% of the value of a property.
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