Senate to vote on private equity housing ban

State of play: The 21st Century Road to Housing Act contains 50 different measures, with a topline aim of increasing homebuilding and decreasing prices.

• The PE housing "ban" applies to institutions that own at least 350 such homes — and does not require divestitures if the homes were purchased prior to the bill becoming law. It also doesn't apply to homes that large institutions build, rather than purchase.

Zoom in: Brookings estimated in late 2023 that around 3% of America's single-family homes were owned by "large institutional investors," adding that they were more active in multifamily housing — something the bill does not address, despite earlier Democratic efforts to be more comprehensive.

What to watch: Expect the Senate vote early Monday evening, with the House to follow suit either on Wednesday or Thursday. President Trump is expected to sign the bill if it reaches his desk.