What is the “21st Century Road to Housing Act”?

The U.S. Senate recently passed this piece of legislation and it now goes to the House of Representatives for approval. What exactly is it and what are it’s goals?

Briefly, it is an attempt to increase housing construction while placing limits on major investors buying up homes.

Meanwhile, the current data is encouraging: while mortgage rates have increased slightly, housing inventory. continues to climb and existing-home sales were up 1.7% in February.