Housing is a popular talking point these days, but it truly permeates so much of what is happening right now.

Housing shortages across the country have led to unaffordable housing prices and unreasonably high rental prices. While inflation relies heavily on oil/fuel and food prices, its biggest weight is the cost of housing at ~33%, which is most Americans’ single largest expense. The Fed’s desire to bring down inflation is firmly tied to our need to make housing more affordable and less restrictive, especially for those on the lower end of the income spectrum who have a much higher hurdle.

https://www.nytimes.com/2022/07/14/upshot/housing-shortage-us.html