President Donald Trump said he would move to ban institutional investors from buying single-family homes, the latest proposal from the administration to address housing affordability ahead of this year’s midterm elections.
“People live in homes, not corporations,” Trump said in a social media post Wednesday announcing the effort, adding that he would expound on the plan and other “Housing and Affordability proposals” at the World Economic Forum in Davos, Switzerland, later this month.
The news sent the S&P 1500 Homebuilding Index down almost 2.6%, with shares of homebuilders including Toll Brothers Inc., Invitation Homes Inc., KB Home and PulteGroup ...
