During the VP Debate, JD Vance claimed housing in the U.S. is unaffordable because “we have brought in millions of illegal immigrants to compete with Americans for scarce homes.”
CBS News rates this as partially true, needs context: Vance claims housing unaffordable because "millions of illegal immigrants... compete with Americans for scarce homes."
Vance: "You've got housing that is totally unaffordable, because we have brought in millions of illegal immigrants to compete with Americans for scarce homes."
Details: Research indicates that a growth in immigration under the Biden administration is one factor fueling housing demand. However, the housing shortage in the U.S. of an estimated 1.5 million to 7 million housing units has been a longstanding issue since the Great Recession, when the number of homes being built plummeted. Fewer new homes were built in the 10 years ending in 2018 than in any decade since the 1960s, according to Fannie Mae and Freddie Mac.
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