President Donald Trump issued an executive order Tuesday aimed at stopping large institutional investors from buying single-family homes.
“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 wrote in the EO.
The EO does not actually prevent the purchase of houses by Wall Street investors but rather moves to block them from receiving federal funding and says the government will review large single-family home portfolio acquisitions under antitrust laws. It includes a carve-out for build-to-rent communities.