The Presidential Daily Brief

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    What’s Behind America’s Housing Shortage?

    If you build it, they will come. In the U.S., old homes are falling out of the market at an alarming rate, while construction stalls and demand grows — now surpassing levels not seen since before the 2008 housing crisis. Last year, supply failed to meet demand by 330,000 units. Meanwhile, the high cost of building materials and a labor shortage means that the construction that’s happening tends to be on the upper end of the market, leaving some 65 percent of poverty-level renters without housing that they can afford.

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