America’s housing crisis continues to worsen, renters are struggling more than homeowners, report says

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“The Senate could act tomorrow and we would have tax credits for 200,000 additional affordable units,” referring to a bill that recently passed the US House.

“Already, nearly 700,000 homeowners are saving roughly $900 annually as a result of the Administration’s reduction in mortgage interest premiums for FHA-backed loans,” Brainard said.

The Harvard report said that “state and local experimentation with regulatory reforms and incentives will incrementally add affordable homes” and that there’s a pressing “need for down payment support and access to low-interest mortgage products to close racial gaps and put homeownership within reach for households with modest incomes.”

The move signaled how Apple is trying to expedite the latest buzzy technology at a time when tech rivals, such as Microsoft, Google, Meta and Samsung, have already found their AI footing.

In August, the Cyberspace Administration of China, the country’s top internet watchdog, rolled out new guidelines for the industry, requiring companies to seek approval before deployment.

The US Commerce Department reports new orders of durable goods in May and releases its final estimate of first-quarter gross domestic product.

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