[HIGHLIGHTS] Why are so many voters frustrated by the American economy? The key is in housing prices

The US did not build enough houses for its growing population. The shortage is weakening Joe Biden and underlines the extent to which Donald Trump overlooked the problem.

Average mortgage rates have more than doubled, making affordability even worse. The problem of high housing costs was once the domain of Democratic areas like New York City and San Francisco. Now it has moved to red states as places like Boise, Idaho, face higher prices.. “The affordability challenge is the worst I've seen in my career," said Shaun Donovan, former Secretary of Housing and Urban Development during the Obama years.