00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump said Wednesday he is taking steps to ban large institutional investors
00:06from buying additional single-family homes and will ask Congress to codify the move.
00:12In a post on Truth Social, Trump said home ownership was once central to the American
00:16dream but has become increasingly out of reach, especially for younger Americans.
00:22The president said he is taking immediate steps to ban large institutional investors
00:26from buying more single-family homes and will ask Congress to codify the policy.
00:31The announcement triggered sharp declines across housing-related stocks.
00:35Invitation Homes fell 6% as investors assessed the risk of forced asset sales.
00:40Blackstone dropped nearly 6% on concerns over its housing exposure.
00:45Opendoor declined amid uncertainty around housing market liquidity.
00:49Homebuilders Toll Brothers, Lenner, and KB Home also moved lower, along with Builders First Source.
00:54Trump said he will discuss further housing and affordability proposals at the World Economic
00:59Forum in Davos.
01:00For all things money, visit Benzinga.com.
