U.S. Senate Passes Major Housing Bill Addressing Affordability
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 29 2026
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Source: CNBC
- Bill Passage Overview: The U.S. Senate passed the 21st Century ROAD to Housing Act with an 89-10 vote, featuring over 40 provisions aimed at reducing housing costs and expediting new home construction, reflecting rare bipartisan support in today's political climate.
- Manufactured Housing Reforms: The bill allows manufactured homes to be assembled without a permanent chassis, increases federal loan limits, and relaxes zoning restrictions, which will help eliminate the stigma surrounding low-cost 'mobile homes' and promote the construction of more affordable housing options.
- Investor Restrictions Clause: The legislation prohibits large institutional investors from purchasing new single-family homes if they already own at least 350 such properties, although it allows them to build and rehabilitate homes for rental markets within a seven-year timeframe, sparking widespread debate within the industry.
- Housing Market Impact: According to a Redfin report, 31% of the U.S. rental market consists of single-family homes, and the passage of this bill could significantly affect future housing supply, particularly in high-demand areas, exacerbating the ongoing affordability crisis.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
