finance
House Passes 21st Century ROAD to Housing Act After Months of Negotiations
The legislation aims to increase housing supply and restrict large institutional investors from purchasing single-family homes. It now heads to the Senate and President Trump’s desk.
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The House passed the 21st Century ROAD to Housing Act after months of negotiations between the House and Senate. The measure is designed to increase housing supply and reduce costs while also barring large institutional investors from buying single-family homes.
Washington Examiner economics reporter Zach Halaschak said the bill moved between chambers with each side making changes before both agreed on the final text.
“What we’ve seen really, for months, is this bill’s gone from the Senate side, and has gone to the House side. The House side has their changes, the Senate side has their changes,” Halaschak said on Fox News’s LiveNOW from FOX Sunday. “Now, the 21st Century ROAD to Housing Act has finally been agreed upon by both chambers,” he said.
The Federal Reserve voted Wednesday to keep its benchmark interest rates unchanged. Halaschak said markets expect the central bank to stay in “wait and see” mode while assessing inflation trends and developments tied to global energy markets. “It’s kind of fifty-fifty right now whether the Fed holds the rest of the year or whether they hike,” Halaschak said.
“I think it’s going to be very dependent on what happens in Iran.
