US housing shortage of 1.5-5.5 million units contributes to 40-year high inflation, with limited action taken.
A government report reveals that the US housing shortage, with a national deficit of 1.5-5.5 million units, is a main driver of inflation, with housing cost increases exceeding 40-year highs. A failed Senate bill aimed to allocate $40bn to housing supply boosts, and limited action has been taken to address the issue. If the housing shortage had been addressed, pandemic-era inflation might have been mitigated.
March 13, 2024
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