President Donald Trump The US should ban large institutional investors from buying single-family homes, saying corporate ownership has helped further crowd out housing for ordinary Americans.
“For a long time, buying and owning a home was considered the pinnacle of the American dream. It was a reward for working hard and doing the right thing, but now with record high inflation created by Joe Biden and the Democrats in Congress, that American dream is becoming out of reach for too many people, especially young Americans,” Trump said. A true social post Wednesday.
“For this reason, and many others, I am taking immediate action to prohibit large institutional investors from buying single-family homes, and I am calling on Congress to codify it. “People live in houses, not corporations,” he added.
Private equity giants, real estate investment trusts and other large institutional investors have amassed large portfolios of single-family rental properties over the past decade. Many believe that these investments have reduced the supply of housing for prospective homeowners and helped drive up prices.
Houses of invitationthe nation’s largest landlord of single-family homes fell 6%. shares Blackstonethe investment firm, which owns and leases single-family homes, fell more than 5%. A private equity firm Apollo Global Management also decreased by more than 5%.
The national median price for a single-family home was $426,800 in the third quarter of 2025 after reaching a record high of $435,300 in the summer, according to the National Association of Realtors. The average rate on a 30-year fixed-rate mortgage is currently 6.19%, according to Mortgage News Daily.
Blackstone was the largest private owner of more than 230,000 apartments in the United States. Private Equity Stakeholder Project released last year. Blackstone has spent billions in recent years acquiring real estate companies such as Tricon Residential, American Campus Communities and AIR Communities.
Trump did not provide details on how such a ban would be implemented. Trump said he plans to outline additional housing and accessibility proposals in a speech at the World Economic Forum in Davos in two weeks.
Sen. Tim Scott, chairman of the Senate Housing Oversight Committee, said while he welcomed Trump’s affordability proposal, a better way forward would be his bipartisan “Pathways to Housing” bill.
“2026 must be the year we get affordable housing for working families. I applaud President Trump’s commitment to finding ways to create more homeownership, especially for first-time homeowners,” Scott said in a statement to CNBC. Emily Wilkins. “My focus is on moving forward with important decisions that expand housing supply and reduce costs, including through a unanimously approved framework. “Road to housing” law — because that’s how we can achieve the American dream.”
– CNBC Alex Harring contributed to the report.