re: NEW CNN MushBrain interview: I got rid of $30 NSF & lowered late credit card fees

The housing shortage won't be solved by the federal government. It can only really affect demand by lowering rates or through funding programs.

Local governments control supply through zoning, development and construction permits. The federal government can make mortgage rates as low as they want, but until local governments allow more development, the market won't reach equilibrium.

And as a bonus, the requirement going into place at the end of May by the FHA to require IECC 2021 standards is going to either raise the cost of construction by approx $30,000 per home, or builders will choose to forego following the code and prevent buyers from qualifying for FHA financing. ETA: Meaning that the Feds are once again making housing less affordable by increasing construction costs or reducing the supply of homes that FHA will finance.

Federal Register

HousingWire