Trump’s housing agenda depends on fixing the Senate’s mistake
A recent Senate housing bill has raised concerns due to a provision that could hinder new home construction. This provision mandates that institutional investors sell build-to-rent homes within seven years, which critics argue could exacerbate the housing shortage. The bill's implications may undermine efforts to improve housing availability, particularly for working families.
- ▪A recent poll indicates that 65% of Americans feel they cannot purchase a home in the foreseeable future.
- ▪The Senate's housing bill includes a provision that could lead to a decline in single-family and rental home completions.
- ▪Institutional investors currently own less than 1% of the total U.S. housing stock, yet the bill risks significant new housing construction.
Opening excerpt (first ~120 words) tap to expand
Aspirational Americans are being priced out of homes. A recent poll found that 65% of Americans believe they will not be able to purchase a home “in the foreseeable future.” Singles who want to put down roots and families who want to grow are growing discouraged about their prospects. So when the Senate passed a bipartisan housing bill 89-10 in March, there was reason for cautious optimism. Congress seemed ready to legislate, for a change. But the Senate included a harmful provision that would stymie the construction of new homes.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.
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