Housing industry officials are warning the Biden administration that the market is headed for disaster without help and, so far, have received only...
Housing industry officials are warning the Biden administration that the market is headed for disaster without help and, so far, have received only a muted response. In recent months, homebuying has become so expensive that it is out of reach for most people.
The industry, which usually accounts for about a sixth of economic output, has taken a massive hit. And families are having to put off major life decisions because the market lacks homes within financial reach.A mystery company backed by Silicon Valley billionaires has purchased tens of thousands of acres of land for more than $800 million to build a new city near San Francisco Thousands are living in RVs on Los Angeles’ streets. Leaders want to shrink the number, but the solution is elusive
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Housing disaster threatens economy in front of Biden's eyesJoseph Lawler is the policy editor for the Washington Examiner, having previously been an economics reporter. Before joining the Washington Examiner, he worked for RealClearPolicy. He is a native of Massachusetts and a graduate of the University of Notre Dame.
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