For decades, new housing production has lagged behind household growth in the United States, leading to an acute shortage of affordable homes. In 2021, the nation faced an estimated shortage of 5.5-6.8 million units. To close this “underbuilding gap,” the U.S. would need to construct 60% more units than were created in 2020 over the next decade. While the House passed version of the Build Back Better Act would allocate about $150 billion towards housing initiatives, the new funding is projected to create just one million new affordable homes—millions of units short of what is required.
Join BPC’s J. Ronald Terwilliger Center for Housing Policy as we kick off our “Getting Serious About Housing Supply” event series. This event, this first in a series exploring our nation’s housing shortage, will provide an overview of the demand-supply imbalance, its root causes, implications for renters and homeowners across the nation, and potential solutions.
Former Assistant Secretary for Housing, HUD; Former Federal Housing Commissioner, HUD; Chief Production Officer, Walker & Dunlop
Former General Deputy Assistant Secretary, HUD; Vice President of Policy Advocacy, National Association of Realtors
President and CEO of Mercy Housing, Former Exec. Director of Denver Housing Authority
VP and Chief Economist, Freddie Mac
Additional participants to be announced
In light of restrictions related to the COVID-19 pandemic, BPC events have shifted to all remote formats, such as video teleconferences or calls.