Former acting U.S. Immigration and Customs Enforcement Director Jonathan Fahey on Monday said former President Joe Biden’s immigration policies left Americans facing higher housing costs, pointing to a Federal Reserve Bank of Dallas working paper that linked the recent surge in unauthorized immigration to rising home prices and rents.
Fahey made the remarks during an interview on Fox Business following the July 4 holiday weekend.
The working paper examined how the unprecedented rise in unauthorized immigration between 2021 and 2024 affected local labor and housing markets by combining immigration court records with government administrative data. The authors cautioned that the paper is a preliminary draft released for professional review and does not necessarily reflect the views of the Federal Reserve Bank of Dallas or the Federal Reserve System.
Fed Paper Fuels Housing Debate
Fahey argued that the increase in immigration placed additional pressure on an already strained housing market.
