US housing shortage hits 10M

The Trump administration has released a blueprint to address a massive national housing shortage that economists say is stifling economic growth.

The report argues that cutting local regulatory barriers could lead to a surge in construction and help millions of Americans achieve homeownership.

However, the plan faces headwinds from rising mortgage rates, which have jumped to 6.37% due to the ongoing war in Iran.

Critics argue that the administration has been slow to embrace the comprehensive measures needed to fix the broken housing market.