But for decades, the United States has not built enough housing to meet demand. Housing costs continue to rise faster than family incomes in many areas of the country, while regulatory barriers and limited innovation slow the pace and raise the cost of home construction and renovation.

Bold reforms are necessary to increase supply and reduce costs for families, workers, seniors, and the middle class. The good news is that state and local governments across the country are increasingly taking creative steps to encourage more homebuilding and affordability.