Stopping Wall Street From Competing With Main Street Homebuyers

The order aims to put more homes within reach of first-time and middle-class buyers by stopping large investors from crowding them out, especially in tight housing markets.

What the order does ​

• Directs agencies to define “large institutional investor” and “single-family home.”
• Orders federal agencies and enterprises to block support for investor purchases of homes individuals could buy.
• Promotes home sales to individual owner-occupants with policies like anti-circumvention, “first-look,” and disclosure rules.
• Sets narrow exceptions for build-to-rent properties and other specific cases.
• Mandates reviews and possible revisions of regulations on investor home purchases.
• Requires antitrust enforcement against anti-competitive investor practices in housing markets.
• Demands transparency from landlords in federal housing programs about ownership links to large investors.
• Calls for legislation to permanently restrict large investors from buying homes meant for families.

Who it affects ​

• Large institutional investors and Wall Street firms targeting single-family homes.
• Federal housing agencies and government-sponsored enterprises.
• Homebuyers, particularly first-time and middle-class families.
• Landlords and property managers in federal housing programs.

Context ​

The order responds to concerns about housing affordability and investor dominance in residential real estate.