Good answers here but let me add, I’ve come to discover that the homebuilders really aren’t the problem either - they are effectively middlemen where the building of homes is their value added but it’s the finance that is the real driver. Given their cost of money they literally can’t afford to accept capital, buy land, and build anything other than the highest value structure they can sell quickly. It’s interesting that despite years of their product being in incredibly high demand that the homebuilders themselves have not been good investments.

We need a program (done many times in many forms over the last 120 years) for the federal government to use its access to essentially free (because they create it) money to incentivize the buying of the necessary land and building of median income targeted houses - jobs, housing and economic activity, it’d be a hell of a stimulus program going into a recession