“For political reasons, NFIP charges low premiums, pricing out private insurers. But this also means its income does not cover all losses, and it is forced to borrow from American taxpayers.”
“The mismatch of low supply and high demand has sent housing prices soaring.”
“The shortfall in housing compared to the number of incoming residents is exacerbated by a labor shortage in the construction trades”
The study says a low supply of existing homes for sale is likely a leading factor in price growth.