Today’s Lead Story
Saturday, July 11Mortgage & Housing
Largest Federal Housing Affordability Law in Decades Takes Effect Without Trump's Signature
via CNBC
The 21st Century Road to Housing Act became law on July 10 after Congress passed it 358-32 in the House and 85-5 in the Senate, with President Trump choosing not to sign or veto it. Its more than 40 provisions aim to expand housing supply by easing local zoning rules, cutting manufactured-home construction costs, and restricting large corporate purchases of single-family homes.
Why it matters
If the law succeeds in boosting housing supply, buyers and renters could gradually face less competition and lower costs — though most provisions take years to materially change the market.
