America’s Housing Crisis: A Federal Policy Agenda for Expanding Suppy and Affordability
By Cullum Clark, Director, George W. Bush Institute-SMU Economic Growth Initiative
U.S. home prices and rents have risen dramatically relative to people’s incomes since the start of the 21st century, fueling a severe housing crisis for middle-class and lower-income families. Solving it requires the nation to accelerate housing production by about 50% from 2017-2023 levels and then sustaining that pace for at least the next 20 years, according to research by the George W. Bush Institute-SMU Economic Growth Initiative.