On November 8, 2024, the United States faces a significant housing crisis, with homeownership prices increasing at double the rate of inflation since the 1960s. Rents have escalated five times faster than wages, exacerbating the financial strain on many Americans.
The collapse in housing construction has led to a severe supply shortage, resulting in record-high levels of homelessness across the country. Voters have identified housing as one of their primary financial concerns in the lead-up to the election.
President-elect Donald Trump, with a background in real estate development, may be viewed as a potential ally in the nationwide effort to ease restrictions on new housing developments. The YIMBY (Yes in My Backyard) movement, which advocates for increased housing availability, emerged about ten years ago in San Francisco, spearheaded by Sonja Trauss, who mobilized renters to support proposed housing projects against opposition from NIMBY (Not In My Backyard) advocates.