Home prices do have a demand side component to pricing…but making it easier to add supply at lower cost is by far the best way to address housing issues.
Most importantly: as a society we can either encourage homeownership as a good investment (appreciating faster than inflation) or have more affordable housing (prices decreasing or increasing less than inflation). There is no way to have both at a large scale. I believe affordability is a better goal, there are many other ways to store wealth.