Vance posts evidence of illegal immigration's impact on housing costs after debate pledge

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Ohio Senator J.D. Vance, the GOP vice presidential nominee, has followed through on a promise made during Tuesday's debate to provide evidence supporting his claim that illegal immigration is contributing to rising housing costs in the U.S. Vance had been challenged by one of the CBS News moderators to cite his source during the debate, to which he pledged to post the details on social media afterward.

In his post-debate response, Vance shared comments from Michelle Bowman of the Federal Reserve Board of Governors, as well as studies from the Journal of Housing Economics and the Congressional Budget Office. Bowman had previously stated that "given the current low inventory of affordable housing, the inflow of new immigrants to some geographic areas could result in upward pressure on rents."

Vance also cited a study from the Journal of Housing Economics, which found that immigration inflows into a Metropolitan Statistical Area (MSA) are associated with increases in both rent and house prices, and that these effects may extend to neighboring areas. Additionally, he referenced a Congressional Budget Office report which noted that increased immigration tends to raise state and local government expenditures, particularly on education, healthcare, and housing.

These studies were used to support Vance's argument that the influx of illegal immigrants has contributed to housing market pressures across the country.