Joe Biden’s housing plans

Statista overview report on new home construction in the U.S. and the U.S. President's housing targets

Joe Biden’s housing plans

Buying a house with a white picket fence has long symbolized the American dream for many. However, achieving this might be more difficult than ever for some people in 2021. Addressing the affordable housing crisis in the United States is a key target of the Biden Administration, resulting in the bipartisan Infrastructure Investment and Jobs Act from the U.S Senate in August 2021.

This report looks at the context that surrounds President Biden’s housing plans. It opens by looking at the state of the U.S. housing market following the impact of the COVID-19 pandemic. The report will then analyze the main topics of the plans, focusing especially on home affordability, housing supply, and sustainability.

The study includes several figures, such as:

       
  • Home sales, compared against list price;
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  • Average and median prices;
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  • Homebuyer sentiment after COVID-19;
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  • State-by-state comparisons of housing affordability;
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  • Construction costs across various U.S. states;
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  • The impact of growing costs for building materials, such as lumber;
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  • State-by-state figures on LEED-certified space;

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