Raw and overall housing numbers can be misleading by their nature. That is, they can be technically true while being false for many/most people.
Declaration: Housing supply is increased!
Actuality: Increase is only in homes for >$100k income earners.
The declaration is true for >$100k.
It is not true for most <$100k earners.
(of those <$100k earners)
There could be a very slight increase in supply for $80k.
It'll be less, if any, for $60k earners.
There is no increase in supply for <$40k (25% of US households).
Generally, there is no affordable, reasonable housing for typical income earners.
Asking for the 25% of Americans who make <$40k/yr.
Is that true? A median household (with ~80K income) should be able to swing a 250K mortgage, probably a $325K house with down payment.
80k is 3-4 typical wages. That is, the wages of jobs that are most obtainable make 25k-31k.
The folks in those income brackets are 25% of the population (and 35% of minority groups).
Housing stats are commonly presented as if they don't exist. However until few administrations, they had a long history of home ownership.