{"id":291707,"date":"2025-11-14T19:29:13","date_gmt":"2025-11-14T19:29:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/291707\/"},"modified":"2025-11-14T19:29:13","modified_gmt":"2025-11-14T19:29:13","slug":"qa-learn-why-were-launching-a-housing-initiative-to-boost-supply","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/291707\/","title":{"rendered":"Q&A: Learn Why We’re Launching a Housing Initiative to Boost Supply"},"content":{"rendered":"

\n Housing has long been a cornerstone of the American dream and a vital engine of economic growth and community well-being.\u202fYet across the United States, a persistent imbalance between supply and demand has led to rising costs, declining affordability, and limited workforce mobility. The shortage has\u202fcost states billions in lost economic output, personal income, and jobs<\/a>.\u202f\u00a0\n<\/p>\n

\n Balancing housing supply with growing demand is essential for improving affordability, driving economic growth, and supporting workforce mobility.\u00a0\n<\/p>\n

Makinizi Hoover<\/a>, head of Housing Policy Advocacy, talks about the issue and why the U.S. Chamber recently released a housing playbook<\/a>, hosted \u201cBuilding for Growth: Housing Solutions for a Stronger Economy,\u201d<\/a> and is creating a new housing initiative to examine solutions to increasing housing supply across the country.\n<\/p>\n

\"aMakinizi Hoover, head of Housing Policy Advocacy, speaks during the U.S. Chamber’s inaugural Housing Summit.Why is the Chamber launching this initiative?\u00a0<\/p>\n

\n Abundant and affordable housing is critical for the growth of our economy.\u202f Right now, we have a supply and demand problem.\u202f We are short about 4.7 million homes, with estimates even up to 8 million.\u202f\u00a0And last year we only built 1.3 million.\u202f\u00a0\n<\/p>\n

\n If we keep going at this rate, we’re never going to close the supply gap.\u202f\u00a0\n<\/p>\n

\n \u202fThis has pushed the average age of a home buyer up to 40, and it’s affecting families all across America from achieving the American dream.\u202f\u00a0\n<\/p>\n

Why now?\u00a0<\/p>\n

\n We’re stepping in right now because the business community has a role to play in increasing accessibility to housing by increasing supply.\u202f\u00a0There’s never been a more bipartisan time to address the housing shortage across our government than right now.\u202f\u00a0Conversations are happening in the at the federal level, the state level, and the local level.\u202f\u00a0\n<\/p>\n

Why is housing an issue of concern for the business community?\u00a0<\/p>\n

\n \u202fHousing availability is directly tied to economic growth.\u202fBusinesses are feeling their inability to attract and retain the talent they need to grow in the places that they want to grow.\u202f\u202f\u00a0\u00a0When businesses can’t attract and retain the talent they need to fill their positions, or when they can’t expand because there’s not enough housing to fit their workforce, it directly affects the economy.\u202f\u00a0\n<\/p>\n

What needs to happen to address these housing concerns?\u00a0<\/p>\n

\n Addressing this shortage needs to happen on the local level, the state level and the federal level.\u202f\u00a0And so it really takes and all of us joining together to push this forward.\u202f\u00a0\n<\/p>\n

\u202fNo one entity can solve this itself.\u202f\u00a0<\/p>\n

Makinizi Hoover, Head of Housing Policy Advocacy at the U.S. Chamber
\n \u202fHow can industry leaders and lawmakers work together for a solution?\u00a0<\/p>\n

\n \u202f\u00a0There\u2019s\u00a0 not sweeping federal legislation that’s going to solve this housing shortage.\u202f\u00a0We need a concerted effort from all players at the table.\u202f\u00a0So that needs to be the federal, the local, and the state business leaders.\u202f\u00a0It needs to be the policy makers, the nonprofits all pushing for increasing housing supply.\u202f\u00a0\n<\/p>\n

\n \u202fThere’s a lot of different routes we can take.\u202f\u00a0\n<\/p>\n

\n \u202fBut if we just keep bubbling this conversation up to increasing housing supply across all areas, we’ll be able to push something forward.\u202f\u00a0\n<\/p>\n

What makes housing such a critical foundation for strong and growing communities?<\/p>\n

\n \u00a0A house that’s built on a strong foundation is a house that is built to last.\u00a0Increasing housing supply is laying that foundation so that communities continue to grow and thrive \u2013 along with businesses \u2013 so that American families are able to achieve the American dream.\u202f\u00a0\u00a0\n<\/p>\n

The Chamber has released a housing playbook for 6,600 communities across America. Tell us about it?\u202f\u00a0<\/p>\n

\n This playbook<\/a> includes pathways to increase housing supply for each of the respective communities.\u202f\u00a0It includes data on migration, on job growth versus the price of the median income.\u202f\u00a0It includes data on job growth versus incomes in the area and how much an average price is.\u202f\u00a0\n<\/p>\n

\n This data can be used from everyone ranging from local Chambers of Commerce and economic development leaders to organizations and nonprofits working on increasing housing supply in their area.\u202f\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Housing has long been a cornerstone of the American dream and a vital engine of economic growth and…\n","protected":false},"author":2,"featured_media":291708,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,152862,36981,3,36976,152863,152864,21,19,22,20,25,24],"class_list":["post-291707","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-articletype-explainer","tag-cms-editorial","tag-news","tag-sitegroup-mainchamber","tag-topic-economy","tag-topic-housing","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/291707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=291707"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/291707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/291708"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=291707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=291707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=291707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}