Housing industry officials are warning the Biden administration that the market is headed for disaster without help and, so far, have received only a muted response.
In recent months, homebuying has become so expensive that it is out of reach for most people. The industry, which usually accounts for about a sixth of economic output, has taken a massive hit. And families are having to put off major life decisions because the market lacks homes within financial reach.
The housing chaos, along with broader inflation, is a major drag on…
