NAHB’s Update on President Biden’s Plan to Tackle Housing Affordability Crisis
The Biden administration on May 16 released what it calls a “Housing Supply Action Plan” to ease high housing costs by increasing the supply of quality housing throughout the nation over the next five years.
“We commend the White House for joining the fight to put the issue of housing affordability in the forefront of the national economic agenda after NAHB had been urging the administration to move on this vital national concern for the past several months,” said NAHB Chairman Jerry Konter.
“However, the plan does not go far enough to resolve the many underlying challenges facing the home building industry, including skyrocketing costs for lumber and other building materials, and the broader supply chain crisis. These issues must be addressed to help home builders increase the production of much-needed housing.”