Overview
- The president said he is taking steps to block large institutional buyers from acquiring additional single-family houses and urged Congress to write the policy into law.
- Shares of major players tied to single-family rentals fell after the announcement, with Blackstone down as much as about 9% and SFR REITs such as Invitation Homes sliding roughly 7%–9%.
- Sen. Bernie Moreno said he will introduce legislation to codify the ban, as Democrats noted prior efforts and probes targeting corporate ownership of homes.
- Government and research data indicate large institutional owners hold a small share of the national single-family rental stock, roughly 1%–4%, though concentrations exceed 15% in metros such as Atlanta, Jacksonville and Charlotte.
- Housing economists caution the move is unlikely to materially improve affordability without broader supply-side actions, and the administration has released no specifics on scope, enforcement or timing.