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NAR recently wrote to the National Economic Council in support of proposals that will spur federal action and incentivize state and local governments, and private actors, to boost housing supply and affordability, particularly for first-time and first-generation buyers, and middle-income Americans.
The letter is in response to a recent roundtable discussion NAR President Leslie Rouda Smith attended with other housing leaders to ensure that finding solutions to the historic supply shortage affecting Americans’ affordability remains a top priority of the Administration. With the current market challenges of low inventory, rising prices, and increasing rates, it is critical that NAR continue to work with policymakers and industry partners on tangible solutions to the lack of long-term affordable housing opportunities.