Overview
- Trump said he is "immediately taking steps" to ban large institutional buyers of single-family homes and will ask Congress to codify the policy.
- Shares of Blackstone fell by up to about 9% and single-family rental REITs such as Invitation Homes and American Homes 4 Rent dropped roughly 5%–9% following the post.
- The administration released no implementation details, and analysts said any broad ban would likely require legislation and carve-outs for new construction.
- Republican Sen. Bernie Moreno said he will introduce a bill to codify the move as economists questioned its impact given large investors' small national footprint.
- GAO and industry data show institutional owners hold about 1%–3% of single-family rentals nationally but have higher concentrations in some Sun Belt markets, and Trump plans to outline more at the World Economic Forum.