21st Century ROAD to Housing Act: Can new US housing law ease affordability pressure?
The 21st Century ROAD to Housing Act, passed on July 11, is a bipartisan piece of legislation aimed at tackling the US housing affordability crisis through supply-side measures. With over 40 provisions, the law seeks to ease the burden of rising home prices and limited housing inventory. Despite the median existing-home price reaching $440,600 in July, marking 36 consecutive months of annual price increases, the law's effectiveness in addressing the underlying shortage of homes is yet to be seen.
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