Freddie Mac CEO Says U.S. Lacks New Housing Production

The video discusses the potential impact of eliminating the mortgage interest deduction on the housing market. It highlights the uncertainty among economists about its effects due to a lack of data. The discussion also covers the current state of the housing market, noting rising house prices and insufficient housing production, which affects affordability for buyers and renters.

What challenges do first-time home buyers face in the current housing market?

What is the current state of new housing production in America?