A new Federal Reserve Bank of Dallas working paper has sparked debate over the impact of the Biden-era immigration surge on the U.S. housing market.
The study examines unauthorized immigration between 2021 and 2024 and finds that increased demand from immigrant workers was associated with higher home prices and rents in affected areas. Researchers say the surge added pressure to already tight housing markets where new construction struggled to keep pace with demand.
The report also highlights that immigration boosted local employment while contributing to increased demand for housing. The findings have become part of a broader political debate over border policies, housing affordability, and the factors behind rising home prices in America.
Watch the latest analysis on the Fed study, Biden-era immigration debate, and its reported impact on U.S. housing costs.
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