Trump Signs Executive Order Directing Agencies to Restrict Wall Street Institutional Investors from Buying Single-Family Homes

On Jan. 20, 2026, Trump signed an EO titled "Stopping Wall Street from Competing with Main Street Homebuyers," directing federal agencies to within 60 days issue guidance preventing government programs from facilitating single-family home sales to large institutional investors. The order instructed agencies to prioritize first-look policies for individual buyers and required Treasury to review rules governing institutional home acquisition. It exempted build-to-rent developments.