White House Meets Builders, Unions on Home Shortage
- Biden looks to ease pressure that spurred surge in prices
- Loggers, housing advocates, lumber companies participated
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The White House held a meeting with representatives from across the homebuilding industry on Friday as President Joe Biden seeks to address a housing supply shortage that’s spurring a record increase in home prices.
Top Biden administration officials sat down with representatives from across the supply chain, including builders, housing advocates, lumber companies, real estate firms, loggers and labor unions, the White House said in a statement. Builders cite high materials prices, scarce supplies and a dearth of skilled workers as ongoing challenges in the race to complete new homes.