The Biden administration announced on Monday new measures that could exacerbate housing shortages in the U.S., experts told the Daily Caller News Foundation.
Treasury Secretary Janet Yellen released new measures Monday that aim to increase the housing supply by expanding financing opportunities through continued subsidization in an effort to bring down costs. The U.S. continues to run a housing deficit year-over-year, driving up costs, with the latest measures adding to the list of market interventions in the housing sector under Biden that have ultimately exacerbated the problem through inflationary spending, crowding out of private investment and the encouragement of risky lending, according to experts who spoke to the DCNF. (RELATED: Financial Titan Warns Of Impending ‘Distress’ That Could Devastate Small Banks)
There was a shortage of around 4 to 7 million homes as of…
