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Senate Backs Bipartisan Housing Bill to Tackle Shortage

2/7/2026

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Senate Approves Housing Package

The Senate approved a bipartisan housing package aimed at reducing regulations and spurring new construction.
The House Financial Services Committee passed a similar bill as it tackles a 7 million-unit housing shortage.
U.S. President Donald Trump has pursued demand-side measures, such as lowering borrowing costs, but economists warn these may not fix the supply problem.
The House bill is expected to be voted on soon, with bipartisan optimism about passage.

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Trump Advocates Housing Prices

U.S. President Donald Trump says he wants to raise housing prices to benefit homeowners.
Rising housing costs are largely driven by income inequality, as college-educated workers bid up prices.
Proposals to relax zoning laws to increase housing supply are gaining traction, but research suggests deregulation may not address the crisis.
Building more housing could reduce prices, but it may take decades to achieve affordability.

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Senate Approves Housing Package

The Senate approved a bipartisan housing package aimed at reducing regulations and spurring new construction.
The House Financial Services Committee passed a similar bill as it tackles a 7 million-unit housing shortage.
U.S. President Donald Trump has pursued demand-side measures, such as lowering borrowing costs, but economists warn these may not fix the supply problem.
The House bill is expected to be voted on soon, with bipartisan optimism about passage.

1 / 2