All Things Considered

Will new federal homebuiliding law open doors for Minnesotans?

Construction workers build a home
New home building has been a slog. But if the Fed cuts interest rates, that could mean lower construction loan rates, more supply, and lower prices.
Mario Tama | Getty Images

A massive legislative package meant to spur homebuilding in the United States passed Congress with bipartisan support and became law last week despite President Donald Trump refusing to sign it.

Americans have long viewed home ownership as key to the American dream, but will this legislation transform the housing market for the better?

MPR News host Emily Reese spoke with Michael Gohman, president of the Builders Association of Minnesota, for a better understanding of this federal housing bill.

Use the audio player above to listen to the full conversation.