- The housing market had witnessed a shortage of 3.8 million houses as of 2019, according to data from government-backed mortgage company Fannie Mae.
- The National Association of Realtors estimates that homebuilders should have constructed between 5.5 million and 6.8 million more houses over the past two decades to match current demand.
- Sen. Tim Scott (R-SC) asserted that policies such as rent control and inaction on the supply chain crisis from the Biden administration have worsened the housing inventory problem.
