Trump Laid Out His Plans to Restrict Institutional Housing Investors
Business Insider • • business
Key Points:
- President Donald Trump signed an executive order aimed at limiting large Wall Street investors from buying single-family homes to make housing more affordable for Americans.
- The order targets institutional investors by restricting their ability to purchase homes that individuals could buy, combating speculation, and initiating antitrust reviews of acquisitions.
- Exceptions include build-to-rent properties designed as rental communities, with federal agencies given timelines to define "large institutional investors" and explore prohibitions on such purchases.
- Treasury Secretary Scott Bessent clarified that the order will not force large investors to sell existing holdings, emphasizing a focus on preventing future acquisitions rather than retroactive sales.
- The move has impacted markets, with shares of major asset managers like Blackstone, which owns extensive rental portfolios
