The U.S. is facing a severe housing shortage. Will Trump's proposals help?

The U.S. is short approximately four million homes. Wharton economist Ben Keys traces the beginning of the housing crisis to the 2008 financial meltdown — and says climate change is making things worse.

Dec 11, 2024 - 19:32
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The U.S. is facing a severe housing shortage. Will Trump's proposals help?
Construction of this $1 billion luxury real estate development in Los Angeles stalled in 2019 after a China-based developer ran out of funding, leaving the three-tower project unfinished amid a housing crisis in the city.

The U.S. is short approximately four million homes. Wharton economist Ben Keys traces the beginning of the housing crisis to the 2008 financial meltdown — and says climate change is making things worse.

(Image credit: Mario Tama)

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