U.S. Congress Passes Bipartisan Housing Bill to Boost Supply and Curb Investors
The U.S. Congress passed the 21st Century ROAD to Housing Act, a major bipartisan bill aimed at lowering housing costs by increasing supply, cutting regulations, and banning large institutional investors from buying new single-family homes. The bill passed the Senate 85-5 and the House 358-32. President Trump delayed signing, demanding the SAVE Act first, but did not veto. While praised as the biggest housing bill in decades, experts note its impact may be modest without expanded rental assistance.
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Trump Threatens Housing Bill Veto Over SAVE America Act Failure
Donald Trump posted on Truth Social that he would not sign the bipartisan 21st Century ROAD to Housing Act, which addresses the US housing crisis, in protest of the Senate's failure to pass the SAVE America Act, a voter ID bill. However, under the Constitution, the housing bill will automatically become law after 10 days if Trump neither signs nor vetoes it, making his protest symbolic. The SAVE America Act, which originally included provisions making it harder for married women to vote and banning mail-in voting, has been scaled back but remains controversial. Senate Majority Leader John Thune stated Republicans lack the votes to pass it. The housing bill, which aims to increase supply and streamline reviews, passed with overwhelming bipartisan support and is set to become law at midnight.
The New RepublicElizabeth Warren Slams Trump as 'Petulant Child' for Skipping Housing Bill Ceremony; Polymarket Says It Passes Anyway
Senator Elizabeth Warren (D-Mass.) criticized President Donald Trump as a 'petulant child' for canceling the signing ceremony of the bipartisan 21st Century ROAD to Housing Act, which passed the Senate 85-5 and the House 358-32. Trump said he would withhold his signature until the SAVE America Act is passed. Despite this, Polymarket traders give the bill a 93% chance of becoming law this year, as it can become law automatically after ten days if Congress remains in session. The legislation aims to address housing affordability, but a homebuilder expressed skepticism, saying it barely touches market-rate housing and that state and local factors, not interest rates, drive demand. D.R. Horton Inc. and other homebuilder stocks rose over 2% following the news.
Yahoo FinanceTim Scott and Elizabeth Warren Score Senate Win on Major Housing Bill, but Experts Question Impact on Prices
The U.S. Senate passed the 21st Century ROAD to Housing Act in an 85-5 bipartisan vote, advancing the largest housing bill in 30 years, led by Senators Tim Scott and Elizabeth Warren. The bill includes provisions to boost housing supply, streamline construction regulations, and ban companies owning over 350 single-family homes from buying more existing homes. It now heads to the House and then to President Donald Trump for signature. While supporters argue it will lower sky-high home prices (median $403,000, up 77% since 2011), experts like Redfin's chief economist warn that limiting private equity may not significantly increase supply for first-time buyers, as investors may restructure holdings. The broader housing crisis is exacerbated by a severe supply shortage, with housing starts falling 15.4% in May to the lowest level since 2020.
Yahoo FinanceUnlikely Bipartisan Housing Bill Faces Trump Signing Threat
Congress passed a major bipartisan housing bill, the 21st Century Road to Housing Act, with 47 supply-side provisions, including a ban on large institutional investors (owning 350+ homes) from buying more single-family homes. The bill passed the Senate 85-5 and the House 358-32. President Trump abruptly delayed the signing ceremony, demanding Congress first pass the SAVE Act, a voting system control measure. The article notes that Trump did not threaten a veto, and the bill has enough votes to override one; it will become law automatically after 10 days if not signed. Key provisions ease zoning barriers, create a $200M grant program for localities, and fund factory housing. The bill was championed by Senator Elizabeth Warren and Ranking Member Tim Scott. A controversial rider backed by the crypto industry preventing the Fed from developing a central bank digital currency was also included. The article frames the bill as a political win for Democrats despite economic challenges and Trump's populist diversion.
The American ProspectUnlikely Bipartisan Housing Bill Passes Congress Amid Trump Standoff
Congress passed the 21st Century Road to Housing Act, a major bipartisan housing bill with 47 supply provisions, by overwhelming margins (Senate 85-5, House 358-32). President Trump delayed signing, demanding the SAVE Act first, but lacks veto-proof support. The bill eases regulatory barriers, promotes factory housing, and creates a $200 million grant program for localities. A key provision bans large institutional investors owning 350+ single-family homes from buying more, championed by Senator Elizabeth Warren with Trump's earlier executive order support. The bill also includes a crypto industry rider prohibiting the Federal Reserve from developing a central-bank digital currency. The analysis notes the bill is a win for Democratic agenda-setting but its real impact on housing costs remains uncertain.
The American ProspectTrump cancels signing of biggest housing affordability bill in decades
President Trump canceled the signing ceremony for the 21st Century Road to Housing bill, the largest housing affordability legislation in decades, just one hour before it was scheduled to occur. Trump stated the signing would only proceed if Congress passes the SAVE Act, which critics describe as a voter suppression measure. The bipartisan bill, sponsored by Democratic Senator Elizabeth Warren, had passed both chambers with overwhelming support and aims to improve housing affordability by blocking corporate purchases of single-family homes. Trump publicly downplayed the bill's significance, referring to it as minor compared to the SAVE Act. The cancellation disrupts Republican lawmakers' plans to campaign on housing legislation amid an ongoing affordability crisis.
The New RepublicDemocrats Celebrate Bipartisan Housing Bill as a Significant First Step
The US Congress passed the 21st Century ROAD to Housing Act, a bipartisan bill hailed as one of the most significant housing laws in decades. The bill restricts large institutional investors (owning 350+ single-family homes) from buying new single-family homes, removes regulatory barriers and streamlines environmental reviews to boost affordable housing supply, and eliminates a requirement for a permanent steel chassis on manufactured homes, potentially reducing unit costs by $10,000. It also creates an Innovation Fund to reward pro-housing communities. President Trump initially signaled he would not sign the bill until Congress passes the SAVE AMERICA ACT, but did not veto it. Democratic leaders and experts like Will Fischer consider the bill a critical first step but argue it is insufficient without expanded rental assistance for low-income Americans, which faces Republican opposition and Trump administration cuts.
The New RepublicUS Bipartisan Housing Bill Passes Congress, Awaits Trump Signature Amid Delay
The U.S. Congress passed the 21st Century ROAD to Housing Act, a bipartisan bill co-authored by Senator Tim Scott (R-SC) and Senator Elizabeth Warren (D-MA). The bill passed the Senate 85-5 and the House 358-32. It restricts large institutional investors from buying new single-family homes, removes regulatory barriers to boost housing supply, streamlines environmental reviews for affordable housing, creates an Innovation Fund for communities building more housing, and reduces manufactured home costs by eliminating the permanent steel chassis requirement. President Trump announced on social media he would not sign the bill until Congress passes the SAVE AMERICA ACT but did not veto it. Democrats and experts view the bill as a significant but incomplete first step, noting further rental assistance is needed. The bill is considered the most significant housing legislation in decades.
The New RepublicDemocrats Celebrate Housing Bill as First Step Despite Shortcomings
Democrats celebrated the passage of the 21st Century ROAD to Housing Act, a bipartisan bill co-authored by Senator Tim Scott (R-SC) and Senator Elizabeth Warren (D-MA), as a major first step in addressing the housing crisis. The bill passed the Senate 85-5 and the House 358-32, and President Trump is expected to sign it. Key provisions include restrictions on large institutional investors (owning 350+ single-family homes) from buying new homes, removal of regulatory barriers to speed up affordable housing construction, the first federal zoning reform guidelines, and an innovation fund for communities that build more housing. By eliminating a requirement for permanent steel chassis on manufactured homes, the bill could reduce new unit costs by up to $10,000. However, Democrats and experts like Will Fischer of the Center on Budget and Policy Priorities noted the bill is a first step only, as it lacks larger rental assistance programs needed to help low-income Americans. Further action on housing affordability is unlikely in the current Congress due to Republican opposition to rental aid.
The New RepublicU.S. Senate Passes Bipartisan Housing Bill to Lower Costs and Increase Supply
The U.S. Senate passed the bipartisan 21st Century ROAD to Housing Act by an 85-5 vote, aiming to lower housing costs by increasing supply, cutting regulations, and limiting large institutional investors from owning single-family homes. Senate Banking Committee Chair Tim Scott and top Democrat Elizabeth Warren both praised the bill, with Warren calling it the 'biggest housing bill in more than 30 years.' The legislation has broad support from landlords and tenant advocacy groups, but some economists expect only a modest impact on prices. The bill is expected to clear the House and reach President Donald Trump's desk for signature within days.
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