The US housing crunch is bad—and it’s getting worse. Wider access to safe, affordable homes is vital to enabling economic mobility for all Americans—and to harnessing what McKinsey Partner JP Julien, a leader of the McKinsey Institute for Economic Mobility, calls a “massive” untapped economic opportunity. On this episode of The McKinsey Podcast, JP joins Global Editorial Director Lucia Rahilly to discuss what’s causing the crisis in affordable housing, who’s most affected, and what both public- and private-sector leaders can do to effect fast but lasting change.

Articles mentioned: 

The State of Aviation 2025

Global Private Markets Report 2025: Braced for shifting weather

Theme music composed, performed, and produced by Joy Ngiaw

The US housing crunch is bad&mdash;and it&rsquo;s getting worse. Wider access to safe, affordable homes is vital to enabling economic mobility for all Americans&mdash;and to harnessing what McKinsey Partner <a href="https://www.mckinsey.com/our-people/john-paul-julien">JP Julien</a>, a leader of the <a href="https://www.mckinsey.com/institute-for-economic-mobility/overview">McKinsey Institute for Economic Mobility</a>, calls a &ldquo;massive&rdquo; untapped economic opportunity. On this episode of <a href="https://www.mckinsey.com/featured-insights/mckinsey-podcast">The McKinsey Podcast</a>, JP joins Global Editorial Director Lucia Rahilly to discuss what&rsquo;s causing the <a href="https://www.mckinsey.com/institute-for-economic-mobility/our-insights/investing-in-housing-unlocking-economic-mobility-for-black-families-and-all-americans">crisis in affordable housing</a>, who&rsquo;s most affected, and what both public- and private-sector leaders can do to effect fast but lasting change.
Articles mentioned:&nbsp;
<a href="https://www.mckinsey.com/industries/travel/our-insights/the-state-of-aviation">The State of Aviation 2025</a>
<a href="https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report?stcr=D3E6913EC14243A3B355819015E3075A&amp;cid=other-eml-ttn-mip-mck&amp;hlkid=d7630d5b0e2442a69ce3e7b7bb54cb32&amp;hctky=1926&amp;hdpid=e0dc5502-0115-4788-ab4f-9fbac70fc13e">Global Private Markets Report 2025: Braced for shifting weather</a>
Theme music composed, performed, and produced by Joy Ngiaw

The McKinsey Podcast, our new flagship podcast series, takes you inside our global firm, and features conversations with experts on issues that matter most in business and management. McKinsey & Company is a management-consulting firm that helps businesses, governments, and not-for-profit organizations realize their most important goals. Topics covered in this series include strategy, technology, leadership, marketing, operations, organization, and the role of business in society.

The McKinsey Podcast features conversations with experts from global management-consulting firm McKinsey & Company, focusing on the issues that matter most in business and management.

The McKinsey Podcast

Our flagship series The McKinsey Podcast takes you inside our global firm, and features conversations with experts on issues that matter most in business and management. McKinsey & Company is a management-consulting firm that helps businesses, governments, and not-for-profit organizations realize their most important goals. Topics covered in this series include strategy, technology, leadership, marketing, operations, organization, and the role of business in society.

Our flagship series The McKinsey Podcast takes you inside our global firm, and features conversations with experts on issues that matter most in business and management. McKinsey &amp; Company is a management-consulting firm that helps businesses, governments, and not-for-profit organizations realize their most important goals. Topics covered in this series include strategy, technology, leadership, marketing, operations, organization, and the role of business in society.

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