US EditionBipartisan bill aims to block big investors from buying single-family homes
The Homes for American Families Act targets large investors owning 3.8% of single-family rentals nationwide to improve housing affordability, with enforcement by the Justice Department.
- On Thursday, Sen. Josh Hawley, Republican, and Sen. Jeff Merkley, Democrat, introduced the Homes for American Families Act to amend the Sherman Antitrust Act and ban funds with over $150 million from buying single-family homes.
- Federal Reserve data shows buyers must earn 43% more and a CBS poll found 83% say buying a home is harder; Goldman Sachs estimates a shortage of four million homes worsens affordability.
- The Urban Institute found large institutional investors own 3.8% of all single-family rentals nationwide, exceeding 28% in Atlanta and about 20% in Charlotte.
- Republicans are divided over the proposal, and the White House circulated draft language naming Blackstone, while some GOP senators expect the ban in housing legislation but others oppose it.
- The legislation would designate the Justice Department antitrust division to enforce the ban, with proponents saying investors crowd out buyers and critics warning it might raise costs.
14 Articles
14 Articles
Senators Issue Trump-Backed ‘Homes for American Families Act’ to Ban Wall Street from Buying Up U.S. Homes
by John Binder, Breitbart: Sens. Josh Hawley (R-MO) and Jeff Merkley (D-OR) are introducing the Homes for American Families Act to ban Wall Street firms from buying up single-family homes across the United States. During his State of the Union address this week, President Donald Trump urged lawmakers to codify his executive order that does […]
The GOP May Block Regulation of Corporate Landlords
Claiming to be working to stop corporate landlords from buying up single-family homes, an industry-backed GOP senator is circulating legislation that could block states from regulating the institutional investors purchasing hundreds of thousands of homes.
Senators Issue Act to Ban Wall St from Buying Up U.S. Homes
Sens. Josh Hawley (R-MO) and Jeff Merkley (D-OR) are introducing the Homes for American Families Act to ban Wall Street firms from buying up single-family homes across the United States. During his State of the Union address this week, President Donald Trump urged lawmakers to codify his executive order that does just that. The post Senators Issue Trump-Backed ‘Homes for American Families Act’ to Ban Wall Street from Buying Up U.S. Homes appeare…
Mixed GOP reception for ban on large investors buying single-family homes
Republicans are split over President Donald Trump’s push to ban large institutional investors from buying single-family homes, even as the White House pushes for the provision to be included in bipartisan housing legislation. Trump has advanced such a ban as a key plank of his housing agenda, even though it is at odds with traditional Republican free-market economics. Fiscal conservatives argue that such firms aren’t crowding out homebuying and …
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