New White House report outlines strategies to address 10 million housing shortage

White House economists estimate a shortage of 10 million homes in the U.S., suggesting that cutting regulations could boost construction, stabilize prices, and enhance economic growth. The analysis indicates that reducing regulatory costs could lead to the construction of up to 13.2 million homes and add 1.3 percentage points to annual economic growth over the next decade. The report also criticizes green energy housing standards from the previous administration for increasing building costs.

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