It is the sense of Congress that—
(1)
the United States is facing a severe housing affordability crisis;
(2)
the median price of a single-family home exceeds five times the median household income, putting homeownership out of reach for millions of hardworking people in the United States;
(3)
one of the primary drivers of the housing affordability crisis is a shortage of supply of homes;
(4)
impartial analysis shows that the United States housing supply is 3,000,000 to 5,000,000 units short of long-run demand;
(5)
overcoming the housing affordability crisis requires significant investment in home construction in the United States;
(6)
a wide range of products are necessary in the construction of a new home, ranging from lumber and cement to electrical and plumbing fixtures to cabinetry and drywall;
(7)
while many of those products are produced in the United States, the United States lacks sufficient production capacity for all relevant products to meet the urgent need for home construction, while some essential products are not manufactured in the United States at all;
(8)
according to nonpartisan research, tariffs on key building materials as of the date of the enactment of this Act will add billions of dollars to the cost of home construction in the United States over the coming years; and
(9)
those added costs will reduce home construction and make it more expensive for people to buy or rent homes in the United States.