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US Sen. Amy Klouchar said that the housing bill has "been sitting on President Trump’s desk long enough."
With President Donald Trump still refusing to sign bipartisan legislation aimed at lowering the cost of housing, fresh outrage erupted Thursday as new data shows buying a home in the US has never been more expensive.
The National Association of Realtors (NAR) on Thursday released its monthly report on home sales showing that the median sales price of existing homes grew to $440,600, a record high.
Lawrence Yun, chief economist at the NAR, said that housing supply remains a major barrier to making owning a home more affordable.
"Progress on long-term housing affordability could be hampered if inventory growth continues to stall," said Yun. "Without consistent gains in inventory, home prices can accelerate. It is critical to introduce more supply to the market to widen the opportunity for homeownership."
The 21st Century ROAD to Housing Act, which passed with overwhelming bipartisan support in the US Congress last month, was designed specifically to address the housing shortage in the US.
Among other things, the bill prohibits large Wall Street investors from buying up new single-family homes, streamlines environmental reviews under the National Environmental Policy Act (NEPA), and creates a $200 million annual competitive grant program to benefit communities that have demonstrated success in expanding their housing supplies.
Trump, however, refused to sign the legislation, insisting that it be paired with the SAVE America Act, a voter suppression bill that will curb ballot access but Republicans in Congress do not currently have enough power to pass.
Sen. Elizabeth Warren (D-Mass.), who co-wrote the housing bill alongside Sen. Tim Scott (R-SC), took to social media on Thursday and pointed to a poll showing that the legislation has overwhelming support throughout the country.
"The American people have a message for President Trump," Warren wrote. "Sign the damn bill."
Sen. Amy Klobuchar (D-Minn.) also took a shot at the president for dragging his feet on the legislation.
"Over two weeks ago, Congress passed the ROAD to Housing Act with overwhelming bipartisan support," Klobuchar wrote. "It will pave the way for more housing, make it easier to build, and help more Americans find a place to call home. It’s been sitting on President Trump’s desk long enough. Sign the bill."
Rep. Chris Pappas (D-NH), currently a candidate for the US Senate running in New Hampshire, urged Trump to finally take action.
"It's never been more expensive to buy a home," wrote Pappas. "I helped pass a bipartisan housing bill to bring down home prices, and I'm calling on the President to get it over the finish line."
Trump's illegal war of choice with Iran has also not helped the housing affordability crisis, as it has led to an inflation spike that has left the Federal Reserve with little room to lower interest rates without risking further price acceleration.