A construction worker is shown at work on a multi-unit residential housing project in Encinitas, California. REUTERS/Mike Blake
Housing is a hot button issue and in a rare bipartisan effort to address it, Senate is working on a package aimed at bringing down housing costs, potentially setting up a final vote by the end of the week. Senators voted 89-9-1 on the bill, with most "no" votes coming from conservative Republicans. The legislation is known as the 21st Century ROAD to Housing Act.
It would green-light incentives to build new homes, kick-start a program to convert abandoned buildings into housing, and allow for new renovation grants. If passed, it would become the first major housing bill in roughly three decades.
Reuters One Essential Read is sent three days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here.
Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here.
This email includes limited tracking for Reuters to understand whether you’ve engaged with its contents. For more information on how we process your personal information and your rights, please see our Privacy Statement.
U.S. consumer prices likely picked up in February as the cost of gasoline increased in anticipation of an escalating war in the Middle East, and with the conflict driving up oil prices, a further rise in inflation is expected in March.
Reuters Business is sent every weekday. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here.
Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here.
This email includes limited tracking for Reuters to understand whether you’ve engaged with its contents. For more information on how we process your personal information and your rights, please see our Privacy Statement.
