The U.S. enacted the bipartisan 21st Century ROAD to Housing Act. The Senate passed the legislation with an 85-5 vote. This law includes more than 45 provisions to expand housing availability and reduce homebuyer costs.
A central measure restricts large institutional investors from purchasing single-family homes to reduce competition for individual buyers. The bill also streamlines construction permitting and supports manufactured housing. These regulatory shifts will likely influence the strategies of major homebuilders such as Lennar.
A record 46% of sellers offered concessions in May. High mortgage rates and weak demand continue to shift market dynamics in favor of buyers.