02/12/2026
Ex-Freddie Mac CEO Donald Layton says the housing affordability crisis “clearly stems from insufficient housing supply, not just borrowing costs,” echoing Realtor.com research showing a 4 million-unit shortage.
“If you look at the charts of how many homes have been built in the last 50 years, it's completely obvious that this is a supply-side problem,” he said. “GSEs, government-sponsored enterprises like Fannie Mae and Freddie Mac, are not supply-side entities, so they're kind of not at the core of the problem.”
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