President Donald Trump scored a major legislative win after Congress cleared a sweeping housing bill aimed at expanding the nation’s supply of homes and lowering costs.House lawmakers voted 358-32 in an overwhelmingly bipartisan vote Tuesday to approve the Senate-passed measure with opposition coming solely from Republicans.Every Democrat present voted for the package.The 21st Century ROAD to Housing Act, one of the most significant housing bills approved by Congress in decades, largely incorporates Trump's proposal to ban large institutional investors from purchasing single-family homes — a measure designed to help individual buyers compete with private equity firms.It would also streamline federal environmental reviews for housing, loosen regulations around the construction of factory-built homes, and incentivize local governments to reform their zoning laws to allow for more homebuilding, among its more than 45 provisions.US President Donald Trump speaks during an executive order signing in the Oval Office of the White House in Washington, DC, US, on Monday, June 22, 2026. (Photographer: Bonnie Cash/UPI/Bloomberg via Getty Images)ONE IN THREE ADULTS UNDER 35 LIVES WITH PARENTS AS HOUSING COSTS SOAR, DATA SHOWSOther sections would allocate federal grants to municipalities with a track record of constructing new homes and create a pilot program to help communities redevelop vacant properties. "The package focuses on a simple idea of building more homes, which means lower costs and more expanded opportunities for all Americans," Rep.
Mike Haridopolos, R-Fla., said Tuesday.The president is expected to promptly sign the measure into law as soon as Wednesday.Tuesday's vote comes as home prices have surged in recent years, with the median nationwide price tag topping $400,000 and the median asking rent climbing above $1,760, representing an increase of 34.4% and 17.9%, respectively, since 2019, according to analysis from Realtor.com.House Speaker Mike Johnson, R...