Homebuilder group opposes Senate housing bill  

A provision in a piece of Senate legislation is rattling a powerful homebuilder organization.  The National Association of Home Builders came out against a provision in the Senate’s ROAD to Housing Act, Bloomberg reported. It’s unclear if that opposition will have a material impact on the bill’s prospects, as it cleared a procedural hurdle on Wednesday with a 90-8 vote. The provision is attached to President Donald Trump’s push to ban institutional investors from the single-family housing market. The ban was added to the Senate’s bill at the behest of the White House, according to Sen. Tim Scott. Trump’s executive […] This article originally appeared on The Real Deal. Click here to read the full story.