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Housing Crisis Rooted in Supply | US News
Housing affordability crisis in America boils down to one thing: not enough homes are being built. Former Federal Housing Commissioner Frank Cassidy blames years of stifling government regulation, which he says adds 20-40% to construction costs—ultimately passed on to buyers. With mortgage rates stuck near 6.5% and homeowners reluctant to sell, supply is vanishing, especially in restrictive states like California. Meanwhile, Texas and Florida are thriving with more affordable homes thanks to pro-construction policies. Cassidy champions the 21st Century Road to Housing Act, which curbs big…
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