The term **"US House Market Structure Draft"** could refer to legislative proposals, regulatory frameworks, or reforms aimed at addressing challenges in the U.S. housing market. While there isn’t a single universally recognized "draft" by this exact name, here's an overview of potential components, recent legislative efforts, and structural issues in the U.S. housing market:
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### **Key Components of the U.S. Housing Market Structure**
1. **Federal Agencies & Programs**
- **HUD (Department of Housing and Urban Development):** Oversees affordable housing programs (e.g., Section 8 vouchers).
- **FHFA (Federal Housing Finance Agency):** Regulates Fannie Mae and Freddie Mac, which guarantee mortgages.
- **FHA (Federal Housing Administration):** Insures mortgages for low- to moderate-income borrowers.
2. **Housing Supply & Affordability**
- Chronic shortage of **affordable housing** (estimated deficit of 3.8 million units in 2024).
- Rising construction costs and restrictive zoning laws (e.g., single-family zoning).
3. **Mortgage Market Dynamics**
- Role of the **Federal Reserve** in influencing mortgage rates.
- Growth of institutional investors (e.g., BlackRock, Invitation Homes) buying single-family homes.
4. **Rental Market Challenges**
- Soaring rents in urban areas post-pandemic.
- Eviction crises and tenant protection laws.
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### **Recent Legislative Proposals (2023–2024)**
Several bills and drafts have targeted housing market reforms. While specifics depend on the latest congressional activity, notable efforts include:
1. **The "American Housing and Economic Mobility Act"**
- Proposed by progressive lawmakers to:
- Expand affordable housing tax credits.
- Invest $500B+ in new housing construction.
- Address discriminatory zoning policies.
2. **"End Hedge Fund Control of American Homes Act"**
- Bipartisan draft (2023) to ban large institutional investors from buying single-family homes.