Soaring mortgage rates get all the attention, but a decade of underinvestment in housing is the big culprit behind the country’s affordability crisis

Mortgage rates have climbed above 7% for the first time since 2001, but that’s only half the story of the affordability crisis. Years of under-building have led to a massive shortage of housing. Economists explained what’s behind the shortage and what could come next for US housing. Something is loading. Thanks for signing up! Access…