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House Financial Services hearing spotlights housing supply shortfall, debates regulation vs. funding
Summary
Witnesses told the House Financial Services Committee that zoning, permitting and other regulatory costs are a major driver of the nation’s housing shortage, while advocates urged stronger federal enforcement and more funding for fair and affordable housing programs. Lawmakers pressed witnesses on manufactured housing, tariffs, insurance and Build America Buy America compliance.
WASHINGTON — Members of the House Financial Services Committee heard sharply different prescriptions on how to ease the nation’s housing crunch at a full‑committee hearing on “Building Capacity, Reducing Government Roadblocks to Housing Supply.” Witnesses from industry and advocacy groups described a nationwide shortfall in housing, debated whether federal intervention should be outcome‑based incentives or expanded spending, and flagged practical barriers that slow or stop projects.
The hearing, convened by Chair Hill and led in part by subcommittee chair Mike Flood, centered on what witnesses called a prolonged period of underbuilding and the costs imposed by local, state and federal rules. Flood opened the hearing by citing a persistent national shortage, noting: “We have a 5,000,000 unit shortage.” Kevin Sears, president of the National Association of Realtors, said the shortage and decades of underproduction have…
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