Fact-check: Trump says illegal immigration caused 40% rise in housing costs
By Carsten Oyer
Published on July 15, 2026.
President Donald Trump has claimed that illegal immigration caused a 40% rise in housing costs under his predecessor, President Joe Biden. However, a working paper by Federal Reserve economists stated that 4.3% of the 22.6% overall increase in rental housing prices from 2021 to 2024 was attributed to unauthorized immigration. The paper also found no evidence that the Biden administration housed immigrants in the U.S. illegally in empty homes. Experts have cautioned against blaming price increases on illegal immigration rather than new construction, which is a primary factor.
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