Rob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
America’s two vice presidential candidates agreed Tuesday night that America is in the midst of a housing crisis in which too few homes and steady demand have led to soaring costs. But Sen. JD Vance of Ohio and Minnesota Gov. Tim Walz presented radically different views of how the country got there — and how to fix the problem. Housing is one of many issues Vance, the Republican nominee, believes are rooted in the arrival of undocumented migrants in America.
On Wednesday, the Cato Institute, a conservative think tank, published a blog post titled “JD Vance Is Correct: Immigration Increases Housing Prices, and That’s Okay,” arguing that while rising immigrant populations do lead to increased housing costs, “most of the increase in housing wealth caused by immigration accrues to native-born Americans” and that immigrants also increase the overall housing supply thanks to their outsized ranks in the construction industry.
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