Today, National Association of Realtors® (NAR) President Kevin Sears released the following statement in response to Congress introducing the Renewing Opportunity in the American Dream (ROAD) to Housing Act:

"The United States is facing a historic 5.5-million-unit housing shortage. Coupled with increasing home prices, the American Dream of homeownership is moving further and further away from reality. Bold solutions are needed.

"The National Association of Realtors® thanks Ranking Member Scott and Representative French Hill for introducing the Renewing Opportunities in the American Dream (ROAD) to Housing Act to serve as a marker for discussions on how Congress can help bring families closer to achieving homeownership and building intergenerational wealth.

"The ROAD to Housing Act places a spotlight on important reforms that expand the housing supply, including updating requirements for manufactured homes. NAR commends Senator Scott and Representative Hill for continuing meaningful conversations around housing in the House and Senate, and we look forward to working with them on accomplishing important, bipartisan reforms."

About the National Association of Realtors®

The National Association of Realtors® is America's largest trade association, representing 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term Realtor® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors® and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes – from written buyer agreements to negotiating compensation – visit facts.realtor.