Executive actions blocking large investors from single-family homes to boost affordability for families.
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President Donald Trump announced on Wednesday that he wants to ban "large institutional investors" from buying single-family homes in the US.
Big investors own a small fraction of America's single-family homes. But they're big players in certain Sun Belt markets. Trump wants to ban them.
Industry insiders say Trump's call to ban big investors is out of sync with how those players actually buy homes.
The Treasury Secretary said that Trump's proposal to keep big players from buying single-family homes would not force them to sell current holdings.
The order comes with a carveout: build-to-rent properties that were designed to be rental communities will not be affected.
The 21st Century ROAD to Housing Act would ban large investors from buying up single-family homes.
BNY's new housing benefit comes as rising prices and borrowing costs make homeownership harder for workers earning below six figures.