🚨 Market Update | U.S. Housing

Blackstone ($BX) shares fell 9% after President Trump announced plans to restrict large institutional investors from purchasing single-family homes.

Blackstone is among the largest real estate owners in the U.S., holding 230,000+ apartment units, accounting for over 1% of total U.S. apartment supply.

Trump stated that institutional buying at scale has reduced housing affordability for families and first-time homebuyers.

Key points of the proposal:

Applies to future purchases only

Large funds would be blocked from expanding single-family home portfolios

No forced selling of existing holdings

Growth via new acquisitions would be directly limited

Trump confirmed he will push Congress to formalize this into law.

This could mark a major shift in U.S. housing policy, with long-term implications for real estate, institutional capital flows, and broader markets.