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JD Vance says pumping more oil will make housing cheaper. Economists say that's a stretch.

By Business Insider   |   Nov 1, 2024 at 05:04 AM EST
JD Vance says pumping more oil will make housing cheaper. Economists say that's a stretch.

Presidential candidates address the housing shortage amidst rising costs. Trump and Vance propose measures like reducing energy costs to build more homes, but experts argue it won't significantly impact housing prices. Labor, materials, and regulations are key factors affecting housing affordability.

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