The U.S. Senate overwhelmingly approved the first major housing bill in 30 years on June 22 following a months-long standoff with the House.
Senators voted 83–5 on June 22 to pass the bipartisan 21st Century Road to Housing Act, a key bill aimed at expanding supply and lowering costs.
The bill will then return to the lower chamber later this week, where it’s expected to pass, setting the stage for President Donald Trump’s signature.
It was a rare moment of bipartisanship in Washington, as Congress has been delayed by shutdowns, achieving a small number of legislative accomplishments.
As housing affordability has declined since the pandemic, pricing out younger generations of homebuyers, there have been widespread calls to reform the industry….