Biggest Single-Family Rental Landlords, Mom & Pop Landlords, and Trump’s Push to Block Big Guys from Buying More Homes

Core Viewpoint - The proposed legislation by Trump aims to prevent large landlords from acquiring additional existing single-family homes, which could help stabilize housing prices during a potential market downturn [1][22]. Group 1: Impact of Legislation - Only 6.3% of single-family rentals (SFRs) are owned by landlords with 100 or more properties, meaning the proposed ban would primarily affect a small segment of the market [2]. - Mom-and-pop landlords, who own 82.6% of SFRs, are the dominant force in the rental market and would not be impacted by the proposed legislation [2][12]. Group 2: Market Dynamics - The single-family rental market has seen a rise in institutional investors since 2011, driven by low borrowing rates that allowed them to purchase homes out of foreclosure [7][8]. - In 2022, major SFR landlords began selling properties at significant profits and shifted their focus to building new rental developments rather than purchasing existing homes [9][12]. Group 3: Build-to-Rent Trend - Build-to-rent developments have become increasingly popular, featuring common amenities and lower operational costs compared to older scattered-site homes [10]. - Major landlords are now acquiring entire build-to-rent developments, with significant investments made in this area since 2022 [15][19]. Group 4: Major Players in the Market - The largest single-family rental landlords include Progress Residential with nearly 100,000 SFRs, Invitation Homes with 97,036 SFRs, and Blackstone with 62,000 SFRs [11][15][17]. - These landlords have shifted strategies, moving away from scattered-site acquisitions to focus on building or purchasing new developments [12][16][19].