Summary · why it matters
U.S. House Speaker Mike Johnson is sending the 21st Century ROAD to Housing Act to President Trump after both chambers passed it with overwhelming bipartisan support. The bill aims to lower housing costs by modernizing federal programs and zoning policies, limiting institutional ownership, cutting regulations, and incentivizing local governments to prioritize housing. President Trump had threatened not to sign the bill until his voter ID legislation passed, but Johnson plans to move that measure through a special budget reconciliation process. Even without Trump's signature, the housing bill would become law within 10 days unless vetoed. A record 25.2 million Americans aged 25 to 34 lived with their parents in 2025, with the median home price at $430,000, up 34.4% from 2019, and median asking rent at $1,673, up 17.9%.