My testimony will focus on three main points:Increased government intervention in the housing market has in most cases done more harm than good. No specific policies for addressing the housing needs of seniors can offset the negative impact of a poor macroeconomic environment. At a more targeted level, it is easy to find examples of government intervention and overreach that have had negative impacts on the housing market. The housing market is under considerable stress, further impacted by the challenges of the recent pandemic. Housing supply is constrained by a dearth of new construction resulting from low labor availability, the high cost of materials, and restrictive local regulations.

Source: Washington Post March 31, 2022 17:22 UTC