Trump Proposes Ban on Large Investors Buying Single-Family Homes

On Wednesday, President Trump revealed plans to prohibit large investors from acquiring single-family homes in the U.S. His aim is to address rising home prices.

In a post on Truth Social, Trump accused former President Biden and Congressional Democrats of creating “record high inflation” that has made the “American Dream” increasingly unattainable for many—especially younger Americans. He stated, “For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was a reward for working hard and doing the right thing. But now… that American Dream is increasingly out of reach for too many people.” He added that he would take immediate action to halt future purchases of single-family homes by large institutional investors and urged Congress to codify this plan.

“People live in homes, not in businesses,” the president emphasized.

After Trump’s announcement, shares of Blackstone, a major asset manager, dropped 7.3%. This company was noted to be the largest private equity apartment owner in the U.S. last year, totaling over 230,000 units.

Republican Senator Jim Banks from Indiana expressed strong support for the proposal, stating in a publication that he fully backs the initiative. Similarly, Illinois Republican Representative Mary Miller mentioned in a post that her team plans to draft a bill to ensure Congressional actions align with the needs of American citizens.

Diving into the broader context, inflation has surged during Biden’s presidency, with some reports indicating that households are seeing increased home prices. However, the average price for a single-family home in November 2025 actually dipped to $409,200 from $414,900 the month before. It had peaked at $432,700 in June 2025, according to the National Association of Realtors.

Neither the White House nor Blackstone provided immediate comments following the announcement.