Senate passes a bipartisan housing bill aimed at increasing supply and lowering prices

WASHINGTON (AP) — The Senate has passed a bipartisan housing bill that aims to bring down home prices and increase supply. The 85-5 vote on the bill Monday (June 22, 2026) represents one of the most sweeping efforts in recent decades to reduce federal regulations for housing and expand local control. The legislation bans corporate investors from buying single-family homes but doesn’t include a provision that would have required investors to sell newly constructed homes within seven years. The House is expected to give the bill final approval later this week and send it to President Donald Trump, who has signaled his support.