Trump signs order to limit Wall Street investors in single-family housing

"To preserve the supply of single-family homes for American families and increase the paths to homeownership, it is the policy of my Administration that large institutional investors should not buy single-family homes that could otherwise be purchased by families," Trump said in the order. Trump's order on Tuesday directs his administration to promote home sales to individual buyers, restrict federal programmes from facilitating sales of single-family homes to Wall Street investors, and review acquisitions by large investors. The order instructs federal agencies to allow individuals and other non-institutional investors to buy foreclosed properties ahead of investors. The White House will also prepare legislative recommendations to codify policies to prevent large institutional investors from acquiring single-family homes. By June 2022, institutional investors owned around 450,000 homes, or about 3%, of all single-family rental homes nationally, according to a 2024 study by the Government Accountability Office.