NAHB chairman Alicia Huey says President Joe Biden “missed a golden opportunity” in his State of the Union address to lay out a vision to combat the nation’s affordability crisis. While not providing a plan to address affordability, Biden did acknowledge the affordability crisis, stating “Let’s also finish the job and get more Americans access to affordable housing.”
“The nation’s home builders could not agree more. The lack of attainable, affordable housing in both the single-family and multifamily markets affects tens of millions of households nationwide, and easing the affordability crisis should be a top priority for the White House and Congress,” says Huey.
Huey says the NAHB will continue to work with policymakers and in partnership with the private sector to address the housing supply crisis “by seeking solutions to boost production of affordable housing and achieve a measure of price stability in the for-sale and rental markets.”
In addition to addressing the need to help Americans access affordable housing, Biden also called for more investments in housing during the State of the Union address.
“The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) understand our nation’s housing affordability challenges and call for responsible and sustainable solutions that will ensure the viability of rental housing options for all Americans,” the NMHC and NAA said in a joint statement regarding the State of the Union. “We stand ready to continue working with the Administration to identify solutions that will address the national rental housing shortage. It is only through the combined partnership of the rental housing industry and the government that real policy solutions will be developed that benefit housing providers and residents alike.”
