Trump wants to 'ban large institutional investors from buying more single-family homes'

Group 1: Policy Proposal - President Trump is proposing a ban on large institutional investors from purchasing single-family homes to restore homeownership as a central aspect of the American Dream [1][3] - The proposal is a response to record high inflation attributed to the current administration, which has made homeownership increasingly unattainable for many, particularly younger Americans [2][3] Group 2: Market Impact - Following Trump's comments, shares of homebuilder companies dropped, with American Homes 4 Rent falling to a three-year low of $28.84 and Blackstone reaching a one-month low of $147.52 [7] - Institutional investors like Blackstone have acquired thousands of single-family homes since the 2008 financial crisis, which has drawn criticism from housing advocacy groups and Democrats for contributing to rent inflation [6][7] Group 3: Homeownership Trends - Redfin's data indicates that the median U.S. home sale price was approximately $433,214, reflecting a 0.7% year-over-year increase, while home sales dropped by 6.7% year-over-year [9] - Homeownership rates among younger generations, specifically Gen Z and millennials, have remained relatively flat, with slight declines noted in 2024 compared to 2023 [11][12] - In contrast, Gen X and baby boomers have seen increases in homeownership rates, with Gen X rising from 72% to 72.9% and baby boomers from 78.8% to 79.6% [13]