Immigration Policy Analysis|July 22, 2026
The EB-5 Immigrant Investor Program grants U.S. permanent residency in exchange for capital, and the vast majority of that capital flows through regional centers into real estate development. In FY2023, 11,930 people gained conditional residency this way, with roughly 640 approved regional centers channeling investment into property markets. A single program that adds to immigration totals while directing foreign money into American housing, with fraud and national-security oversight gaps the GAO has documented. Connects to Policies 2 and 4.
Read analysis →Housing Market Data|July 15, 2026
A meaningful share of U.S. home purchases are not made by families who will live in the home. The investor share peaked at 17.1% in 2022 and eased to about 15.7% in 2024, while roughly 5.7 million homes sit as second residences. Each non-primary purchase removes a unit from the market where owner-occupants compete. The Act does not restrict individual citizens who own a second home; Policies 1 and 4 target only the corporate and foreign portion of that demand.
Read analysis →Corporate Housing Analysis|July 8, 2026
Institutional capital no longer just buys existing homes. It now builds entire single-family subdivisions as rentals that are never listed for individual sale. Single-family built-for-rent starts nearly doubled from roughly 44,000 units in 2020 to roughly 77,000 in 2023, and growth accelerated through 2024. The ROAD to Housing Act bans large investors from buying more existing homes but exempts built-to-rent, leaving the fastest-growing channel of corporate ownership wide open. Policy 1 closes it.
Read analysis →Housing Policy Analysis|July 1, 2026
When Minneapolis eliminated single-family-only zoning and Montana legalized duplexes and accessory units statewide, housing costs grew more slowly. A synthetic-control study of the Minneapolis 2040 Plan estimates home prices ended up 16-34% lower and rents 17-34% lower than a counterfactual city over five years, though the authors caution part of the rent effect may reflect a local demand shock. The empirical case for Policy 5.
Read analysis →Housing Market Data|June 24, 2026
In early 2026, the national rental vacancy rate stood at 7.3% while the homeowner vacancy rate held near a historic low of 1.1%. That gap is not an accident. Where America built, multifamily rentals, vacancy recovered and rent growth cooled. Where it did not build enough, for-sale starter homes, inventory stayed scarce. The rental market's recovery is a natural experiment showing supply eases prices, and the for-sale drought shows what happens when that supply never arrives.
Read analysis →Housing Market Data|June 17, 2026
A majority of mortgaged American homeowners hold a rate below 4%, and moving means giving it up. FHFA research finds this lock-in effect erased roughly 1.7 million home sales between 2022 and 2024 and pushed prices up about 7%. With existing-home sales frozen at a pace last seen in the mid-1990s, when the population was 22% smaller, the resale market cannot be relied upon to loosen. New construction is the only release valve, which is exactly what Policy 5 expands.
Read analysis →Housing Market Data|June 10, 2026
In 2024, home completions outpaced new household formation for the first time since 2016 - real progress worth stating plainly. But one year of catch-up does not erase a cumulative shortage estimated at 1.5 million to 5.5 million units. And demand is not fixed: Harvard's JCHS projects household growth slowing to about 8.6 million over 2025-2035, with immigration the key swing variable. Closing the gap requires two levers at once - build more and align demand.
Read analysis →Housing Policy Analysis|June 3, 2026
Duplexes, triplexes, fourplexes, and townhomes are the affordable middle of the housing market, and they already make up about 22% of the homes Americans live in. Yet as new construction they have nearly vanished, falling to roughly 4% of multifamily production in late 2023, down from just under 11% two decades earlier. And where cities legalized them, almost none got built. Zoning reform is necessary but not sufficient, which is why Policy 5 pairs it with federal financing and production incentives.
Read analysis →Housing Market Data|May 27, 2026
When a family and a cash buyer want the same home, the family loses before either names a price: a cash offer can close in about a week, while a mortgage-dependent buyer typically needs 30 to 45 days, so sellers favor cash. The buyers paying cash are disproportionately foreign buyers (47% all-cash, versus about 28% of U.S. buyers) and institutional investors. Policies 1 and 4 remove those cash bidders from the owner-occupant market.
Read analysis →H-1B Program Analysis|May 20, 2026
Employers do not have to break the law to underpay H-1B workers. The prevailing-wage system sorts every job into four tiers, and the two lowest, Level 1 and Level 2, are defined below the local median wage for the occupation. About 60% of H-1B positions are certified at those levels, and the workers are paid an estimated 17-34% below market rates. With 758,994 registrations filed for roughly 85,000 slots in FY2024, that below-median discount sets the pay floor across entire technical occupations. How Policy 3 addresses it.
Read analysis →Legal & Legislative Analysis|May 13, 2026
Florida SB 264, effective July 2023, became the first modern statewide U.S. law to restrict foreign residential property purchases. By mid-2025, more than 20 states had enacted similar measures. The Eleventh Circuit upheld the Florida statute against facial challenge in Shen v. Simpson, granting only a narrow injunction to four named plaintiffs. An analysis of what state laws cover, how courts have ruled, and what the state record demonstrates about the feasibility of Policy 4 of the Act.
Read analysis →Economic Analysis|May 6, 2026
The Federal Reserve's 2022 Survey of Consumer Finances found the median homeowner family has $396,500 in net worth. The median renter family has $10,400. The gap is 38 to 1 - and it has widened every survey cycle. A buyer who purchased the median home in 1990 holds roughly $375,000 in housing wealth today. A renter who paid rent across the same period accumulated none of it.
Read analysis →Homeownership Analysis|April 29, 2026
A 20% down payment on the median U.S. home now exceeds median annual household income - a threshold never crossed before 2024. At a realistic savings rate on median renter income, first-time buyers need roughly 7 years to save a standard 9% down payment - assuming prices stay flat. They don't. An analysis of the down payment barrier and the forces driving entry-level prices up faster than families can save.
Read analysis →H-1B Program|April 22, 2026
The H-1B visa was created in 1990 to import specialized talent. Thirty-five years later, it sustains 600,000+ workers - dominated by outsourcing firms paying below-market wages - in exactly the occupations AI is now transforming. AI coding tools increase developer productivity 25-55%. The mass visa program is no longer needed. The original H-1 standard - direct employment, genuine expertise, market-rate wages - is the right framework for the era ahead.
Read analysis →Impact Modeling|April 15, 2026
What would happen if all five proposals were implemented simultaneously? Using the 1924-1965 immigration pause, the COVID natural experiment, and outcomes from six developed nations, this analysis projects the price-to-income ratio declining from 5.1x toward 3.2x-3.8x, homeownership rising toward 69-72%, and real wages growing 15-25% over 10 years. Every projection is grounded in observed outcomes.
Read analysis →Legal Analysis|April 8, 2026
Every proposal in the Act operates within established constitutional frameworks. Congress has plenary power over immigration (since 1889). States have restricted alien land ownership for over a century. Federal spending conditions are settled law (since 1987). A legal analysis of the constitutional basis, key precedents, and anticipated challenges for each of the Act's five reforms.
Read analysis →Historical Analysis|April 1, 2026
From 1924 to 1965, the United States dramatically reduced immigration. Homeownership rose from 45.6% to 61.9%, real incomes doubled, inequality fell to historic lows, and 27 million homes were built. The COVID slowdown confirmed the mechanism still works. A data-driven analysis of the longest natural experiment in immigration and economic outcomes.
Read analysis →H-1B Program|March 27, 2026|Featured
Google, Microsoft, Meta, Salesforce, and Cisco collectively laid off over 90,000 workers between 2022 and 2025 while receiving 21,000+ H-1B approvals in FY2025 alone. The layoffs and H-1B positions are overwhelmingly in the same job categories. A bipartisan Senate inquiry is now examining whether the program is being used to replace American workers.
Read analysis →Legislative Progress|March 25, 2026|Featured
The House passed the 21st Century ROAD to Housing Act (H.R. 6644) 390-9 as a broad housing bill. The Senate added a ban on institutional investors controlling 350+ single-family homes and passed it 89-10. The bill now returns to the House for the amended version. A comparison with Policy 1 of the Act - and the gaps that remain.
Read analysis →Structural Analysis|March 25, 2026|Featured
America's housing crisis is not the result of one policy failure - it is the product of five, each reinforcing the others. Immigration adds demand that blocked construction cannot meet. Corporate buyers and foreign capital outbid families whose wages are suppressed by guest worker programs. A unified analysis of how five structural failures compound into record unaffordability.
Read analysis →Housing Supply|March 21, 2026
The U.S. used federal-local partnerships to build the Interstate Highway System, enforce clean water standards, and establish educational accountability. Housing is the only major infrastructure area with no federal coordination - and the only one in crisis. Policy 5 applies the same proven incentive model: federal funds tied to housing production targets, with local governments executing the work. Five developed nations already do this. State-level reforms in Oregon, California, and Minneapolis show it works.
Read analysis →International Comparison|March 18, 2026
Developed nations use different tools - Canada bans foreign buyers, Singapore imposes a 60% stamp duty, Japan keeps housing affordable through a national zoning system that permits construction in 2 months. No two countries take the same approach. But every country examined acts on at least one of the five policy areas the Affordability and Immigration Act addresses. The United States acts on none.
Read analysis →Wages & Affordability|March 13, 2026
Since 1990, median home prices have risen 244% while real household income grew just 28%. The price-to-income ratio has risen from 4.1x to 5.3x. In high-immigration sectors, real wage growth has been near zero. An analysis of both blades of the affordability scissors - and the research on what drives them.
Read analysis →Rental Market|March 6, 2026
A record 22.6 million renter households - half of all U.S. renters - now spend more than 30% of income on housing. Federal Reserve research shows institutional landlords raise rents 60% faster upon acquisition. Meanwhile, 7.6 million affordable rental units have disappeared in a decade.
Read analysis →Homeownership|March 1, 2026
First-time buyers now represent just 21% of purchases - the lowest share since tracking began in 1981. The median buyer age has risen to 40, up from 29 in 1981. Millennials at age 30 had a homeownership rate 15 percentage points below Baby Boomers at the same age. An analysis of the generational homeownership gap and the structural forces behind it.
Read analysis →Housing Supply|February 19, 2026
The U.S. is short 3.8 million housing units. Regulatory costs add 23.8% to the price of every new home. In San Francisco, permitting takes 27 months; in Tokyo, 2 months. An analysis of the zoning restrictions, permitting delays, and regulatory barriers that block housing construction - and what works.
Read analysis →Immigration & Housing|February 12, 2026
The Immigration Act of 1990 more than doubled annual admissions to over 1 million per year. In the 35 years since, the U.S. has added 30+ million people through immigration while housing construction stagnated. An analysis of population growth vs. housing starts, wage effects, and the 1924-1965 precedent.
Read analysis →Housing Market|February 5, 2026
In 2024 - 2025, foreign buyers purchased 78,100 U.S. homes totaling $56 billion. Nearly half paid all cash. The United States is one of the only major economies with no federal restrictions on foreign residential purchases. An analysis of the data and how Canada, Australia, New Zealand, and Switzerland have responded.
Read analysis →H-1B Program|January 29, 2026|Featured
Between FY2020 and FY2025, Amazon received approval for over 72,000 H-1B visa petitions. During that same period, the company laid off approximately 58,000 employees. A data-driven analysis of what this reveals about the H-1B program.
Read analysis →H-1B Program|January 22, 2026
The Immigration Act of 1990 created H-1B as a temporary visa for exceptional talent. Through systematic exploitation - unlimited renewals, staffing firm dominance, and wage loopholes - it has become a permanent pipeline for lower-cost labor. An analysis of how the program deviated from Congressional intent.
Read analysis →Housing Market|January 14, 2026|Featured
Before 2011, no single investor owned more than 1,000 single-family homes. Today, firms like Blackstone, Cerberus, and Pretium Partners control nearly half a million houses. An analysis of how private equity entered the housing market, which companies are involved, and the impact on prices and homeownership.
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