BlackRock Clarifies Housing Role

Benzinga

BlackRock said it does not own or buy single-family homes after Trump proposed blocking institutional investors, easing market concerns as shares rose.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street

00:02BlackRock moved Thursday to clarify its role in the U.S. housing market after Trump announced

00:07plans to block large institutional investors from buying single-family homes, prompting market

00:12volatility. In an exclusive Benzinga interview, a BlackRock spokesperson said the firm has no

00:17exposure to single-family housing and does not buy or own such homes. The spokesperson said

00:23confusion stems from BlackRock's index investing model, which accounts for more than 90% of client

00:28equity exposure, and results in indirect stakes across many industries. A BlackRock spokesperson

00:34said the firm supports Trump's goal of expanding homeownership for more Americans, while adding

00:39that BlackRock has clarified its position on single-family housing since 2021. Shares rose

00:441.2% on Thursday. For all things money, visit Benzinga.com.

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