America’s Missing Middle

Housing construction peaked in 2005 with over 2 million housing starts, but just four years later, it bottomed out at 550,000 starts. With a historical average of 1.5 million starts per year, we are in a deficit that will take years to correct without urgent action.

5.5 Million

Homebuyers today face a market with a 5.5-million-unit shortage, and those looking to rent face a 600,000-unit shortage

Calling on Congress

At the federal level, NAR is leading the national charge to update America’s tax law to promote homeownership, build stable communities, and boost economic growth.

$40,000

A tax credit of just $40,000 would yield 500,000 homes built or substantially rehabilitated, nearly 800,000 jobs, and almost $30 billion in federal, state, and local tax revenues and fees in just ten years

Time to Rally

You don’t have to go any further than the GI Bill—celebrating its 80th anniversary this year—to see what government action can do to promote homeownership and unleash generational prosperity for the American middle class.

28 Million

The VA’s Home Loan Guaranty Program has helped more than 28 million service members and their families become homeowners over the decades—contributing $3.9 trillion to the U.S. economy