President says corporate ownership has undermined housing affordability and vows to push Congress to codify restrictions on large investors.
By yourNEWS Media Newsroom
President Donald Trump said Wednesday that his administration is taking steps to bar large institutional investors from buying additional single-family homes, arguing that corporate ownership has driven up prices and pushed homeownership further out of reach for ordinary Americans.
“For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans,” Trump wrote in a Truth Social post.
“It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations,” he added.
Large private equity firms, real estate investment trusts, and other institutional investors have accumulated significant portfolios of single-family rental homes over the past decade. Critics have argued that the trend has reduced the supply of homes available to individual buyers and contributed to rising prices.
Financial markets reacted quickly to Trump’s comments. Shares of Invitation Homes, the largest owner and renter of single-family homes in the United States, fell 7 percent. Shares of Blackstone declined 4 percent, while other major real estate investors, including Apollo Global Management and BlackRock, also posted losses.
Trump did not outline specific details on how the proposed ban would be implemented. He said additional housing affordability proposals would be announced during a planned appearance at the World Economic Forum in Davos in two weeks.
Housing costs remain elevated nationwide. The median existing single-family home price reached $426,800 in the third quarter of 2025, after hitting a record $435,300 earlier in the summer, according to data from the National Association of Realtors. Mortgage News Daily reported the average rate on a 30-year fixed mortgage at 6.19 percent.
Blackstone remains the largest private-equity owner of apartments in the United States, controlling more than 230,000 units, according to data from the Private Equity Stakeholder Project released last year. The firm has spent billions of dollars in recent years acquiring real estate companies, including Tricon Residential, American Campus Communities, and AIR Communities.
Trump said the administration’s goal is to reorient the housing market toward individual ownership and restore access to homeownership as a cornerstone of economic security for American families.
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