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flag U.S. rents hit $2,000/month, driven by long-term housing shortages, not immigration.

flag The average U.S. rent is now about $2,000 per month, up 36% over five years, according to HUD’s 2025 Worst Case Housing Needs Report, which links part of the rise to a six-million increase in the foreign-born population between 2021 and 2024—the largest such growth in U.S. history. flag Immigration contributed up to 100% of housing demand growth in some areas and about two-thirds nationally, with California and New York seeing the sharpest impacts. flag However, experts say the housing crisis stems from decades of underbuilding after the 2007–2008 recession, leaving the U.S. with only 3.5 months of housing supply—well below the healthy benchmark. flag Additional pressures include investor activity, zoning restrictions, labor shortages, and rising construction costs. flag While immigration has intensified demand, it is not the root cause of the long-standing shortage.

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