The U.S. faces a shortage of 10 million homes, with regulatory costs adding over $100,000 to construction expenses. Reducing these burdens could spur building 13.2 million homes, boost economic growth by 1.3 percentage points annually, and create 2 million jobs. Rising mortgage rates and home prices outpacing income growth have worsened affordability. The report criticizes green energy housing standards for increasing costs but notes potential long-term utility savings.