Luetkemeyer, Subcommittee Examine High Cost of Housing in America

WASHINGTON, D.C. – (RealEstateRama) — U.S. Rep. Blaine Luetkemeyer (MO-03) issued the following statement upon conclusion of the Housing and Insurance Subcommittee hearing titled “The Future of Housing in America: Government Regulations and the High Cost of Housing.”

U.S. Rep. Blaine Luetkemeyer (MO-03) issued the following statement upon conclusion of the Housing and Insurance Subcommittee hearing titled “The Future of Housing in America: Government Regulations and the High Cost of Housing.”

“The purpose of today’s hearing is simple: to examine the high cost of housing in America. Today, we heard testimony that 40 percent of rental costs are due to regulation. Rising costs and lack of availability paint a bleak picture for the future of workforce housing in America. Unfortunately, the stock of affordable market-rate housing is not plentiful for those seeking it. This subcommittee will continue to examine these issues and methods to lift Americans from poverty and ensure they don’t just have a place to live, but also a place to have a life.”

Source: OFFICE OF REP. BLAINE LUETKEMEYER