President Donald Trump announces steps to prohibit large institutional investors from purchasing single-family homes. He says the action aims to prioritize individual homeownership, according to a his statement posted on social media.
Trump adds that he will ask Congress to formalize the measure into law. It remains unclear whether the president can enforce such a restriction without congressional approval.
He states that additional plans to address housing and affordability will be introduced in the coming weeks. Trump emphasizes that homeownership represents a core part of what he calls “the American Dream.”
