Upzoned, overbid, under construction

Congress, California, Chicago, and a collapsing office conversion made for a busy housing week.

Jul 08, 2026

∙ Paid

Homes are seen under construction at a new housing development on June 24, 2026, in Valencia, Calif. (Photo by Justin Sullivan/Staff via Getty Images)

Congress sent the 21st Century ROAD to Housing Act to President Donald Trump’s desk last month, and he has yet to sign it. Barring a formal veto, the bill becomes law automatically on Friday.

Meanwhile, Ca…

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