The housing market is on the verge of total collapse, prices will begin to fall

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The US is short 10 million houses. A new White House report lays out a blueprint to fix that

WASHINGTON (AP) — White House economists estimate the United States has a shortage of 10 million houses, according to a new report out Monday — and say regulatory cuts could lead to more construction to stabilize prices, increase home ownership and fuel faster economic growth.

The analysis, part of the Economic Report of the President, outlines both a political risk and a messaging opportunity for President Donald Trump, whose public approval has slumped because of concerns about his tariffs, the Iran war and his unfulfilled promises to slash inflation and unleash stronger growth.

Home Sales Hit 9-Month Low, Prices Reach Record High

Existing-home sales fell 3.6% month-over-month in March to a seasonally adjusted annual rate of 3.98 million, the lowest level in nine months, according to the National Association of Realtors (NAR). Sales also declined 1% compared with March 2025.