T
he Senate's passage of the "One Big Beautiful Bill Act" has been met with enthusiasm from major American real estate and construction trade groups. They believe the legislation could significantly boost housing supply and affordability across the country.

    Buddy Hughes, chairman of the National Association of Home Builders (NAHB), sees the bill as a catalyst for growth in the housing sector. "This legislation will help spur economic growth, allowing our members to invest more resources in multifamily rental construction, land development for single-family homes, and business expansion," he said.

    The National Association of Realtors (NAR) also hailed the bill's passage, having secured five of its top priorities within the final package. The group believes the bill includes provisions that support homeownership and stabilize the broader real estate economy.

    "We've worked tirelessly to educate Congress on the value and popularity of these real estate measures," said Shannon McGahn, NAR's executive vice president and chief advocacy officer. "Lawmakers listened, and we're grateful for their recognition."

    The bill now heads to the House, where industry groups are urging swift approval.