The New Democrat Coalition | Missing Millions of Homes
The New Democrat Coalition, a group of moderate Democratic members of the House of Representatives, has released a white paper titled Missing Millions of Homes, which outlines the preliminary findings of the Coalition’s Housing Task Force, convened last year to consider solutions to rising housing costs. The report finds that “housing is increasingly unaffordable because prices and rents are rising faster than wages because construction is not keeping up with demand,” and concludes that we need to build millions more housing units. The paper considers the impacts of unaffordable housing on households and examines various theories on the cause of the housing crisis.
