Trump’s affordability crisis hits his supporters hardest as he calls housing bill of ‘minor importance’
Why this matters: a developing story that could shape the day's news cycle.
A housing shortfall, record home costs and cuts to subsidies are intensifying the US affordability crunch Of the various dimensions of the affordability crisis weighing on US families, housing probably weighs heaviest. The typical home price has risen above five times the annual income of the typical family. The monthly cost of owning a home has hit record highs.The US faces a housing shortfall of millions of homes. But builders are not rushing to meet the shortfall. The supply of new homes declined over 14% in May, compared to May of 2025. Moody’s Analytics expects single-family and multifamily residential investment to contract every year between now and 2030. Continue reading...