Washington, District of Columbia — President Donald Trump signed an executive order Tuesday prohibiting large Wall Street investors from purchasing and owning single-family homes, framing the move as part of a broader effort to address housing affordability ahead of the November midterm elections.
The order directs the Treasury Department to develop formal definitions of “large institutional investor” and “single-family home” within 30 days. Once those definitions are established, federal agencies will be instructed to prevent actions that facilitate institutional acquisitions of single-family homes, including approvals, guarantees, insurance, or securitization tied to such purchases.
In the order, Trump argued that rising housing costs have made homeownership increasingly unattainable, particularly for first-time buyers. He blamed high inflation and interest rates on the prior administration and said institutional investors have crowded out individual families by acquiring a growing share of the housing market. “People live in homes, not corporations,” the order states, asserting that corporate ownership has reshaped neighborhoods once dominated by middle-class families.
Attorney General Pam Bondi and Federal Trade Commission Chair Andrew Ferguson are tasked with reviewing substantial acquisitions by large investors and prioritizing antitrust enforcement, particularly against alleged coordinated pricing and vacancy strategies in single-family rental markets.
Trump previously previewed the policy on Truth Social, saying he would also urge Congress to codify the restrictions into law. While Republicans have pointed to easing inflation as evidence of economic improvement, polling shows many Americans remain unconvinced, a gap Trump acknowledged while promoting the order.
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