The surge of illegal immigration under President Joe Biden has exacerbated an already costly housing market for average Americans by worsening a shelter shortage, experts told the Daily Caller News Foundation.
The U.S. currently has an estimated shortage of 4 million to 7 million homes as developers struggle to keep up with demand amid harsh financial conditions and burdensome regulatory processes, according to Pew Charitable Trusts. Average Americans looking for a home are being squeezed by rising housing costs due to inflation and elevated mortgage rates, but the recent influx of illegal immigrants is putting even more stress on the system by aggravating the current shortage of supply in the housing market at a rate that developers can’t keep up with, according to experts who spoke to the DCNF.
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