"Biden's Strategy to Tackle Soaring Housing Costs and Rent Gouging"

Economists in the Biden administration are proposing more aggressive federal action to reduce housing costs for home buyers and renters, including pressuring cities to relax zoning restrictions hindering affordable housing construction. The recommendations, part of the annual Economic Report of the President, could serve as a blueprint for a major housing push if Biden wins a second term, aiming to tackle the decades-long housing crisis and increase the federal role in zoning reform.