Key facts
- New home sales in the US have reached an eight-month high.
- The 21st Century ROAD to Housing Act aims to boost housing supply.
- The housing bill is not expected to provide immediate affordability relief before the midterm elections.
New home sales in the U.S. have reached an eight-month high, according to HousingWire. The publication's editor-in-chief, Sarah Wheeler, discussed this trend and its potential connection to the upcoming midterm elections with Lead Analyst Logan Mohtashami on The HousingWire Daily podcast.
A bipartisan housing bill, the 21st Century ROAD to Housing Act, has passed both the Senate and the House of Representatives and is awaiting President Donald Trump's signature. While the legislation includes provisions intended to increase housing supply, its effects are anticipated to materialize over time, offering limited immediate affordability relief to voters before the midterm elections. The bill is seen as a potential talking point for the Republican party.