Yep, the fed can't fix housing. It's clear that some major housing legislation is what is desperately needed at the state and national levels.
1. Severely restrict corporations from purchasing single family houses.
2. Override local laws to relax zoning restrictions, permit detached units, increase density, and streamline permitting.
3. Targeted incentives and subsidies to reduce construction costs.
Even so, it's going to take until the end of the decade or longer to fix housing.
Interest rates are clearly not going to move before the election.