Here’s what’s needed to improve housing affordability

By NAHB Now

Over the past year, NAHB’s “Building the Dream” series — in partnership with The Hill — has explored various factors contributing to the housing affordability crisis. Although the crisis had been a longstanding issue prior to COVID-19, the current pandemic has altered the situation in many cases, including delays in supply chains, labor shortages and increased interest in the suburbs, that have had a further impact on the cost of housing. The Hill’s Editor-at-Large Steve Clemons this week explored the current conditions of housing affordability with policymakers and industry leaders during the series’ final event.

Having access to a safe, affordable housing has been a paramount concern during the pandemic for both home owners and renters. Forbearance and rental assistance have provided short-term relief in the immediate wake of COVID-19, but additional assistance is still needed to prevent families from slipping into poverty, along with longer-term solutions to address overall affordability.

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