The Biden administration unveiled an action plan Monday aimed at easing the burden of housing costs by boosting the supply of quality housing in every community.
The President's Housing Supply Action Plan includes legislative and administrative actions that aim to help close America's housing supply shortfall in five years, starting with the creation and preservation of hundreds of thousands of affordable housing units in the next three years.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.