Restoring America

Conservative values, National renewal

How red tape made housing the unachievable American dream

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Throughout this week, the Washington Examiner’s Restoring America project will feature its latest series, “Reforming the Deep State: Reining in the Federal Bureaucracy.” We invited some of the best policy minds in the conservative movement to speak to the issues of what waste, fraud, abuse, and unaccountability exist throughout the federal government and what still needs to be done. To read more from this series, click here.

Treasury Secretary Scott Bessent is right. America does have a housing crisis. Stubbornly high construction costs and interest rates have made housing prices across the country unaffordable for many average families. Both homeowners and renters struggle to afford the cost of housing, and the so-called solution of government-regulated affordable housing is exacerbating the problem.  

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