The building sector is urging the federal opposition and crossbenchers to support Labor's housing plans.
The Liberal-National coalition has vowed to oppose a move by the Albanese government to set up a $10 billion Housing Australia Future Fund and an independent advisory body.
The Greens, whose 11 votes in the Senate will be needed to pass the enabling legislation, want a number of changes and a huge boost to funding before lending their support.
Master Builders Australia chief Denita Wawn said, in making a submission to an inquiry into the laws, the opportunity for sensible reform should not be missed.
She said the combination of the legislation provides the opportunity to "embed housing as a core infrastructure priority for the federal government".
"Master Builders supports all three bills as the next step in the government's broader agenda for housing reform," Ms Wawn said on Friday.
"We urge the opposition and crossbench senators to take a pragmatic approach for sensible reform.
"Finding solutions to the issue of affordable housing is imperative as it poses one of the country's biggest challenges, and we must work together to address it."
The sector forecasts new housing over the next five years will fall short of the 200,000 homes required each year.
"We acknowledge the Housing Australia Future Fund bill is a measured next step to further develop a national social and affordable housing fund whilst operating in a capacity-constrained market," she said.
"However, to meet the additional 800,000 dwellings needed by 2035, the size of the fund's capital investment should be expanded from $10 billion to $20 billion."
The organisation says the $10 billion should be in addition to the existing national housing and homelessness agreement and Commonwealth rental assistance schemes, which provide $6.9 billion a year.
