Your comments are accurate, but new construction numbers are well below where they were in 2008, and overall percentage of home ownership is waaaay below 08

I’m going to jump in here

the FHFA and other housing specific agencies can’t do much to address affordable housing, baring them instituting some form of subsidized program that permanently buys down mortgage interest rates. And there isn’t much of an appetite for that

Where the fed is screwing up, and what needs to be done

Right now inflation is being tackled by trying to dramatically curb demand by raising rates, which simultaneously increases housing costs and affordability.

The problem is, there is a massive housing shortage, so this process only really pushes out the individuals who are already on the fringes. In other words, it’s making it worse

What needs to be done, are federal and state level policies that stimulate supply

These should include tax incentives (both positive and negative incentives) for individuals and companies to sell Non Owner Occupied homes

Tax incentives to home owners to sell to Owner Occupants vs Investors

Tax incentives to stimulate new construction

Streamline permitting for new construction

Source : 30 years in the mortgage industry