As the cost of living continues to soar, homeownership is increasingly out of reach for many young Americans. The Consumer Price Index, a widely used measure of inflation, rose to 9.1% in June to reach the fastest year-over-year increase since November 1981. Rapid inflation, combined with interest rate hikes intended to slow its growth, has pushed the cost of homeownership to record highs. But these recent trends are just exacerbating longer-term causes of home price increases: inadequate supply and excessive regulatory costs, particularly in high-demand coastal metros where young people prefer to live. Housing policy reforms are urgently needed to
