New White House report has plans to fix US housing shortage of 10 million

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The White House estimates the United States has a shortage of 10 million houses. A new report suggests reducing regulatory burdens could increase construction, stabilize prices, and boost economic growth. Regulatory costs add over $100,000 to building expenses. The analysis estimates reducing these costs could spur construction of 13.2 million homes and add 1.3 percentage points to annual economic growth over ten years.

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