Biden's Economic Boast Undercut by Deepening Housing Affordability Crisis
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The US is facing a severe housing affordability crisis that has been building for decades due to failure to build enough homes. This hurts Biden's claims of a strong economy.
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Lack of housing inventory is keeping prices high while rents and mortgages are becoming unattainable for many Americans.
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Home ownership, a part of the American dream, is increasingly out of reach, frustrating many voters.
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Biden has proposed measures to stimulate home building but major decisions lie with state and local governments.
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Without concrete plans passed by Congress, the crisis persists, putting finances and housing stability at risk for many Americans.