President Donald Trump proposes banning large institutional investors like Blackstone from buying single-family homes to boost American homeownership.

President Donald Trump said he would move to ban institutional investors from buying single-family homes, part of a push to address housing affordability ahead of this year’s midterm elections.

President Donald Trump said Wednesday that he intends to ban large institutional investors from buying additional single-family homes.

President Trump said "people live in homes, not corporations," in announcing plans to bar big investors from home purchases.

President Donald Trump has said he wants to ban big investors from buying single-family homes in the US, posing a challenge to private capital groups that invest heavily in real estate. “I am immediately taking steps to ban large institutional investors from buying more single-family homes,

Trump said he would call on Congress to codify his plan to prevent big investors from buying single-family homes.

Shares of Blackstone Inc. and other housing-related companies tumbled Wednesday after President Donald Trump said he would move to ban institutional investors from buying single-family homes.

President Trump said he would take steps to ban large investors from buying single-family homes. Invitation Homes and Blackstone each fell 6%, while American Homes 4 Rent declined 4%. Home-builder stocks also fell.