Biden officials convene meeting with homebuilding stakeholders amid inflation concerns and rising home prices

Biden officials convene meeting with homebuilding stakeholders amid inflation concerns and rising home prices



Attendees, per a White House official, include Commerce Secretary Gina Raimondo, Housing and Urban Development Secretary Marcia Fudge, National Economic Council Director Brian Deese, domestic policy adviser Susan Rice, and Council of Economic Advisers chair Cecilia Rouse. Those officials are all members of the administration’s Supply Chain Disruptions Task Force, created last month to address the issue across multiple industries.

“Groups representing the full range of the homebuilding supply chain, from loggers and lumber companies, to contractors, labor leaders, realtors and affordable housing advocates,” will also attend, per the official.

The group is set to “discuss strategies to address short-term supply chain disruptions in the homebuilding sector and the longer-term housing investments proposed in the President’s Build Back Better agenda,” the White House official said.

More broadly, a senior administration official explained to CNN that the group will be “helping to try to coordinate between folks who don’t necessarily convene on a regular basis,” adding that they will help coordinate ways to clear bottlenecking in the housing space.



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