Bipartisan housing bill becomes law as Trump withholds signature

The 21st Century ROAD to Housing Act, the first major federal housing-affordability bill in three decades, became law after Congress passed it with broad bipartisan support and President Trump did not sign it; under a 10-day waiting period it took effect without his signature. The law aims to boost housing supply by encouraging local zoning reforms, streamlining environmental reviews, reducing costs for manufactured homes, and restricting large investors from buying single-family homes, a package welcomed by homebuilders, lenders and related groups as median U.S. home prices rise to record highs.