Mr. Speaker, since 2020, it is estimated that America's housing market has climbed 57 percent, sidelining first-time home buyers and impacting communities across the country. In fact, polls show that more than four out of five Americans agree that housing affordability is a problem in the area in which they live, with median-priced homes costing more than 50 percent of a typical household's income. There are many contributing factors to the surge in prices, such as a demand shift and material costs. Inappropriate and duplicative regulatory structures have compounded these issues for the construction of manufacturing housing. The Energy Independence and Security Act of 2007 required the Department of Energy to set energy efficiency standards for manufactured housing. This duplicates the Department of Housing and Urban Development's longstanding jurisdiction, first granted in the National Manufactured Housing Construction and Safety Standards Act, over these standards.
Editor's note · Context
Addressing the challenges of housing affordability and regulatory issues in the housing market.
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