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According to Warren, although there has been a significant increase in building activity over the past five years, the industry faces a major productivity decline. This has led to higher costs, making private developers hesitant to proceed with new projects. She emphasized that demand for housing remains high but is currently latent due to these cost pressures.
She highlighted that the solution isn't solely a federal issue but involves multiple levels of government—state, territory, and local—as well as industry stakeholders. Warren called for a collective effort to address regulatory burdens, including reducing red tape and green tape, improving access to finance, and increasing efficiency within the construction sector.