If the House and Senate Quit Squabbling, We Could Actually Make Housing More Available

"The United States Senate passed the single largest piece of housing legislation we've seen in 36 years via an overwhelmingly supported, bipartisan effort. The bill, known as the 21st Century ROAD to Housing Act, contains both provisions to lower the cost and speed up the pace of American home construction, and also provisions aimed at barring certain kinds of institutional investors from being able to buy in/profit from or restrict the housing industry."

"Across its 300 pages, the legislation ropes in both Republican and Democratic priorities to tackle housing affordability, including some of President Donald Trump's own pet issues, seemingly being a win-win bill that both sides could claim credit for in the build-up to November's midterm elections. It would likely be popular with the vast majority of voters."

"So naturally, it's considered to be an extreme longshot to pass the House of Representatives or be signed into law by Trump, because this is America, where being in Congress means getting 95% of what you want and then being prepared to fight your own allies to the death about the other 5%, rather than doing anything that might benefit Americans."

The United States Senate passed the 21st Century ROAD to Housing Act, representing the most significant housing legislation in 36 years through overwhelming bipartisan support. The 300-page bill combines provisions to reduce construction costs and accelerate home building with measures restricting institutional investors from profiting from or controlling the housing market. It incorporates both Republican and Democratic priorities, including Trump administration concerns, addressing housing affordability comprehensively. Despite its broad voter appeal and potential benefits to prospective homeowners, the bill faces significant obstacles in the House and potential presidential veto, as political divisions and competing priorities threaten its passage into law.

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