The US housing crunch is bad—and it’s getting worse. Wider access to safe, affordable homes is vital to enabling economic mobility for all Americans—and to harnessing what McKinsey Partner JP Julien, a leader of the McKinsey Institute for Economic Mobility, calls a “massive” untapped economic opportunity. On this episode of The McKinsey Podcast, JP joins Global Editorial Director Lucia Rahilly to discuss what’s causing the crisis in affordable housing, who’s most affected, and what both public- and private-sector leaders can do to effect fast but lasting change. Articles mentioned: The State of Aviation 2025 Global Private Markets Report 2025: Braced for shifting weather Theme music composed, performed, and produced by Joy NgiawSee www.mckinsey.com/privacy-policy for privacy information

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