The New York Stock Exchange is seen in a file photo from May 2008. (FrankvandenBergh / Getty Images)
By Ireland Owens January 11, 2026 at 9:30am
President Donald Trump announced Wednesday that his administration is moving to ban major investors from buying up single-family homes in the U.S. in an attempt to lower housing prices.
Trump claimed in a Truth Social post that former President Joe Biden and congressional Democrats have caused “record high inflation,” which has caused the “American Dream” to become “increasingly out of reach for far too many people.”
Donald J. Trump Truth Social Post 12:45 PM EST 01.07.26 pic.twitter.com/udFmE0FDDB
— Commentary Donald J. Trump Posts From Truth Social (@TrumpDailyPosts) January 7, 2026
“For a very long time, buying and owning a home was considered the pinnacle of the American Dream,” Trump wrote in the social media post. “I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it.”
“People live in homes, not corporations,” the president emphasized.
Major global asset manager Blackstone’s stock slid 7.3 percent during early Wednesday afternoon following Trump’s announcement, MarketScreener reported.
Blackstone was notably the largest private-equity apartment owner in the U.S. last year with over 230,000 units, according to a Private Equity Stakeholder Project report released in April 2025.
“Fully support this,” Republican Indiana Sen. Jim Banks wrote in a Wednesday post to X in response to Trump’s announcement.
Meanwhile, Republican Illinois Rep. Mary Miller wrote in a Wednesday post to X responding to the president’s announcement that she is planning to “introduce this legislation in the House and ensure Congress delivers for American families.”
During Biden’s term, inflation reached record highs, peaking at 9.1 percent in July 2022. Some American households also reportedly faced surging home prices under Biden’s watch.
Additionally, the average price of a single-family home in the U.S. decreased to $409,200 in November 2025, down from $414,900 the month prior, according to National Association of Realtors data compiled by Trading Economics.
U.S. single-family home prices notably hit a record high of $432,700 in June 2025, Trading Economics reported.
The White House and Blackstone did not immediately respond to the Daily Caller News Foundation’s requests for comment.
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