Experts: Harris proposal could ease housing crisis — while Trump plan would drive up inflation

Vice President Kamala Harris has released an extensive plan to reduce the costs of housing, largely by building more of it.

The next president of the United States will inherit a housing crisis that has seen average rents increase by 19% since 2019 .

Some progressives have stressed that the plan will only be effective if a Harris administration invests primarily in low-cost housing built for low-income renters.

In New York City , the vacancy rate of on-market units is hovering at 1.4% — the lowest since 1968 .

Harris is proposing a second piece of housing legislation to address this, the Predatory Investing Act .

GOP positions on housing this election cycle have largely ranged from oppositional to ambivalent.