Redfin Chief Economist Flags Structural Issues in US Housing

Redfin Chief Economist Daryl Fairweather said the bipartisan Road to Housing Act is a significant federal effort to address the national housing supply shortage, according to Bloomberg. The bill would tie federal funding to local governments’ plans to increase housing supply and streamline zoning and permitting processes. US President Donald Trump has opposed the measure despite its passage by a veto-proof majority.