Based on the "Worst Case Housing Needs: 2025 Report to Congress" released in late 2025, the U.S. Department of Housing and Urban Development (HUD) found that foreign-born population growth accounted for approximately two-thirds of the increase in nationwide rental demand between 2021 and 2024.
Of course. In any growing services-based economy you will have foreign born population growth. If you eliminate that population growth, economic growth will decline with it.
If we were a growing manufacturing-based economy that wouldn't be the case as much.