New Bipartisan Housing Act Becomes Law to Address Supply Shortages and Costs

The "21st Century ROAD to Housing Act," a bipartisan bill, has become law without the President's signature. This legislation aims to tackle the nation's housing shortage and reduce costs by removing federal regulatory barriers, streamlining approval processes, and expanding financing options for lower-cost homes. It also seeks to limit large institutional investors in single-family markets, potentially impacting housing accessibility and affordability nationwide.