President Donald Trump said Wednesday that the United States should move to block large institutional investors from buying single-family homes, arguing that corporate ownership has helped price ordinary Americans out of the housing market.
In a post on Truth Social, Trump said homeownership has long represented the core of the American Dream but has become increasingly unattainable, particularly for younger Americans. He blamed rising housing costs on inflation and said corporate purchases of homes have worsened the problem.
Trump said he is “immediately taking steps” to ban large institutional investors from buying additional single-family homes and will ask Congress to codify the policy into law. He did not specify how such a ban would be implemented or what threshold would define a “large” institutional investor.
Over the past decade, private equity firms, real estate investment trusts, and large asset managers have significantly expanded their ownership of single-family rental homes. Critics argue that these purchases reduce the supply of homes available to first-time buyers and contribute to rising prices.
Markets reacted quickly to Trump’s comments. Shares of Invitation Homes, the nation’s largest single-family home rental company, fell roughly 7%. Blackstone, which owns and rents single-family homes through affiliated entities, saw its stock decline about 4%. Other firms with exposure to large-scale residential real estate investments, including Apollo Global Management and BlackRock, also posted losses.
Housing affordability has become a growing political issue as prices and borrowing costs remain elevated. According to the National Association of Realtors, the national median price for an existing single-family home was $426,800 in the third quarter of 2025, down slightly from a record high of $435,300 earlier in the summer. Mortgage rates remain a major constraint, with the average 30-year fixed mortgage rate hovering around 6.19%, according to Mortgage News Daily.
Trump said he plans to outline additional proposals focused on housing and affordability during a speech at the World Economic Forum in Davos in two weeks, signaling that the issue will be a key component of his economic agenda.
Large investment firms have continued to expand their real estate holdings in recent years. Blackstone, for example, was the largest private-equity owner of apartments in the United States last year, with more than 230,000 units, and has spent billions acquiring residential real estate companies such as Tricon Residential, American Campus Communities, and AIR Communities. Whether Trump’s proposal would affect existing holdings or only future purchases remains unclear.
READ NEXT: No, BlackRock Is Not Buying Houses: The Real Drivers Of America’s Housing Costs
I agree with President Trump on this! We buy ugly homes, etc., own quite a few single family homes in the Dallas/Fort Worth, Texas area. If they want to buy the homes & fix them up & resell them, ok, but to buy them & turn them into rental properties–NO!!!