Congress to Send Trump Bipartisan Housing Bill Increasing Supply

Congress will soon send President Trump bipartisan legislation designed to increase housing supply and lower homeownership costs. The 21st Century ROAD to Housing Act combines dozens of individual bills negotiated over multiple years. Senate Majority Leader John Thune said limited housing supply and burdensome regulations have contributed to higher prices.

“So this bill cuts unnecessary red tape that’s delaying construction and driving up prices,” the South Dakota Republican said. 4 percent of the final price of a new single-family home. That figure is almost three percentage points higher than the group’s 2021 study and equals $131,734 on a home priced at the current industry average of $499,500.

U.S. 2 million units, according to NAHB, which supports the legislation. The Harvard Joint Center for Housing Studies 2025 annual housing report found unsold inventories grew last year, prompting builders to cut prices and shift toward more cost-efficient homes.

Senate Minority Leader Charles E. ” Leaders of the Senate and House panels with jurisdiction over housing policy announced a bipartisan, bicameral compromise last Tuesday. Massachusetts Sen. Elizabeth Warren said the measure would represent the biggest housing bill in more than 30 years.

The Senate will vote on final passage Monday evening. The House is expected to vote later in the week. House Financial Services Chairman French Hill and ranking member Maxine Waters convinced senators to include provisions providing regulatory relief to community banks.

They also secured a compromise on a top Trump priority. President Trump in May urged lawmakers to pass a Senate version that included language codifying his executive order banning large Wall Street investment firms from buying single-family homes. The final bill bans companies with investment control of 350 or more single-family homes from purchasing additional units.