U.S. Housing Shortage Hits 10 Million

The Trump administration's economic team has identified the housing crisis as a primary headwind for the national economy.

High mortgage rates, currently averaging 6.37%, coupled with a lack of supply, have made homeownership increasingly unattainable for many Americans.

The report suggests that cutting red tape and encouraging high-density development could fuel faster economic growth.

However, critics argue that the administration has been slow to implement the very measures its experts are now recommending.