Is immigration causing the strain on the housing market?

U.S. Housing and Urban Development says that between 2021 and 2024, the foreign-born population in the U.S. increased by roughly six million people, marking what HUD describes as the largest population spike over such a short period in American history.

That growth translated directly into housing pressure. HUD estimates that immigration accounted for up to 100 percent of housing demand growth in some regions, and roughly two-thirds of total rental demand growth nationwide during that period. The report does not limit its analysis strictly to undocumented migrants, but it comes amid broader estimates from the Pew Research Center that place the undocumented population at approximately 14 million people in 2023.

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