New housing law targets affordability for homebuyers and sellers
Housing bill becomes law as Trump lets affordability measure take effect Could ease homebuilding, lending and investor pressure—see what it means
A bipartisan housing bill aimed at improving affordability has become law after President Donald Trump allowed it to take effect without signing it or vetoing it. The 21st Century ROAD to Housing Act was passed by Congress on June 23 and officially took effect on Saturday.
The law includes a range of measures intended to support home construction, broaden access to financing, and limit some purchases by large institutional investors. Supporters say it could help reduce barriers tied to zoning, permitting, and lending, although housing experts caution that any impact is likely to be gradual.
The legislation comes as U.S. housing affordability remains under pressure. The median price of an existing home rose to $440,600 in June, according to the National Association of Realtors, while 30year mortgage rates have remained above 6.5%. Analysts say the new rules may help at the margins, but they are unlikely to quickly solve the country’s housing shortage.