💨 Abstract
President Donald Trump proposed banning institutional investors from buying single-family homes to address housing affordability. This move, announced via social media, aims to make homes more accessible to individuals rather than corporations. The proposal led to a drop in the S&P 1500 Homebuilding Index and shares of major homebuilders and investors like Blackstone. The initiative comes amid concerns over housing affordability and Trump's low approval ratings.
Courtesy: Hadriana Lowenkron