Federal Policy | November 14, 2024

A Statement on the Election Results and Up for Growth’s Commitment to Solving America’s Housing Shortage

Written by Mike Kingsella, CEO, Up for Growth and Up for Growth Action

Reading time: 5 minutes

Washington, D.C. – While low unemployment, GDP growth, and stock market performance indicate a strong economy, last week’s election results reveal a different reality felt deeply by millions of Americans struggling to afford basic needs. Voters expressed their frustration at the ballot box and demanded change, consistently naming “the economy” as their primary concern.

While employment and income growth have been steady for many, the soaring costs of essentials like healthcare and childcare are straining families but housing costs remain the most severe burden. The high cost of housing, driven by a nationwide housing shortage, has undermined economic security for a majority of Americans. Countless Americans are one price increase away from financial distress. Deepseated policy barrierslike restrictive zoning, onerous landuse regulations, and uncertain and lengthy approval processeshave choked housing production, fueled inflation, and placed unsustainable pressures on families and the economy. The call for leadership, vision, and meaningful change has never been clearer.

Up for Growth believes that increasing the supply of homes is key to unlocking economic resilience, personal security, and stronger, more stable communities. Our diverse coalition of leaders spanning policy, practice, and advocacyis committed to tackling the housing shortage headon. Through thoughtful, actionable policies, we aim to expand the housing supply and reduce cost burdens, building a foundation of stability and opportunity for communities nationwide.

There is a clear path forward. Rather than accepting that prosperity is reserved for an elite few, we believe the future belongs to those who drive solutions. Lower housing costs will free up resources for families, foster meaningful work, and provide a foundation of safety and stability for the most vulnerable among us. Together with our network of members, our advocacy for bipartisan policy solutions in the public interest will ensure that economic growth brings household stability and a secure future for all.

Up for Growth stands ready to partner with Congress and the incoming administration to enact meaningful policy solutions that boost housing production and build a more affordable, resilient, and inclusive future for allrestoring the promise of America as a land where prosperity is shared, and everyone has the opportunity to thrive.