Even as the US economy moves into recovery, the inequalities amplified by the COVID-19 pandemic remain front and center. Households that weathered the crisis with little financial distress are snapping up the limited supply of homes for sale, pushing up prices and further excluding less affluent buyers from homeownership. At the same time, millions of households that lost income during the shutdown are behind on their housing payments and on the brink of eviction or foreclosure. A disproportionately large share of these at-risk households are renters with low incomes and people of color. And while policymakers have taken bold steps to prop up consumers and the economy, government support will remain necessary to ensure that all households benefit from the expanding economy.