President Donald Trump signed an executive order Tuesday seeking to advance his effort to ban large institutional investors from buying single-family homes, before a trip to the World Economic Forum in Davos where he’s expected to lay out his efforts to address affordability concerns.
The executive order details a multi-part process designed to limit institutional home purchases, though stops short of immediately implementing new rules or regulations that would tie the hands of companies with significant housing portfolios.
According to the order, the Treasury Department has a month to develop definitions of “large institutional investors” and “single-family homes.” Within 60 ...
