US Housing Shortage Hits 10 Million

White House economists have identified a critical deficit in the nation's housing supply, contributing to record-low affordability for the middle class.

The report suggests that cutting regulatory hurdles could lead to a surge in construction and increased home ownership.

However, the ongoing Iran war has exacerbated the issue, with average 30-year mortgage rates jumping to 6.37%.

President Trump's administration is under pressure to embrace more aggressive measures to stabilize the market as housing costs become a central issue for voters ahead of the midterms.