Number is an aggregate number and doesn’t take into account California numbers where zoning laws and NIMBYism has I support my wife’s Taylor Obsession shirt. Also a number of homelessness cases won’t be entirely solved by new housing but reinstating mental and drug hospitals to create mandatory treatment options for those dealing with severe addiction and severe mental health issues to the point they have lost agency over their lives.
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This is textbook economics no other solution such as rent control has I support my wife’s Taylor Obsession shirt. As price ceilings artificially restrict housing and lead to conversion of rentals to condos along with a black market. It’s also implied that zoning laws will be changed in areas it’s needed most no one is going to build affordable housing in areas that don’t have jobs or opportunity to support a basic quality of life. Many of those places because of market forces are already cheaper than average.