(The Center Square) – The U.S. Senate overwhelmingly passed the bipartisan 21st Century ROAD to Housing Act, a bill to increase American housing supply and lower home prices, in an 89-10 vote Thursday.
The passage of the legislation, which now moves to the House of Representatives, comes as the median home price in the U.S. sits above $405,000. The median annual household income, meanwhile, is below $84,000, according to the most recent federal statistics.
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