Are Immigrants Affecting the Housing Market?

Colorado Springs with Kevin James Bond

Has a mass influx of immigrants contributed to the lack of supply of homes nationwide? Where are people moving to Colorado Springs from? What is a 15-minute city?
I talk about the Trump administration's potential for mass deportation of immigrants, if immigrants are affecting the housing market, as well as other drivers contributing to high home prices in Colorado Springs.
We actually may see fewer immigrants in 2025 due to a few immigration policy changes. Jobs are also increasing, while young adults are apparently making record earnings. Population growth is also slowing down due to people having fewer kids and later: https://jbrec.com/insights/immigration-changes-housing-new-policies/
Undocumented immigrants make up about 15% of the construction workforce, so if mass deportations happen, it may only impact new construction starts minimally:
https://www.realtor.com/news/trends/donald-trump-mass-deportation-home-prices/
Don't forget that new home builders mostly stopped building for a decade after the 2007 housing crash. That itself is the main reason the United States has a housing shortage now.
What's more, undocumented immigrants are extremely unlike to own homes here. This would impact the rental market, but that would in turn affect home buyer demand.
You can also see here that home prices started rising dramatically before the surge of immigrants in 2022-2024: https://www.jchs.harvard.edu/blog/role-recent-immigrant-surge-housing-costs
If you want to listen to the 15 minute city podcast: https://99percentinvisible.org/episode/605-15-minute-city/

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Disclosure: I make a small commission from my sponsorship with KJS Auto Hail Repair.
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