U.S. moves to ban Wall Street investors from buying single-family homes, Trump says

President Trump posted on Truth Social that his administration will move to ban Wall Street investors from buying single-family homes and said he would ask Congress to codify the measure; he did not provide details or cite legal authority.

President Donald Trump said on Truth Social that his administration is moving to ban Wall Street investors from buying single-family homes, and framed the step as aimed at reducing home prices. He said he would ask Congress to codify the measure and planned to discuss additional housing and affordability proposals at the Davos World Economic Forum. The announcement did not include details about the legal authority or the specific form the policy would take. The White House did not immediately comment and the president was due to sign unspecified executive orders later that day. Key facts: - The article reports that President Trump announced a move to ban Wall Street investors from buying single-family homes. - He said he would ask Congress to codify the proposed measure and would speak about housing proposals at Davos. - The article notes that no specific legal authority or policy details were provided and the White House had not responded to requests for comment. - The article mentions that shares of some homebuilder-related companies and a major investment firm fell after the announcement. Summary: The announcement prompted market reactions and raised questions about how a ban would be carried out. Next steps reported are a request to Congress to codify the measure and the president’s planned signing of unspecified executive orders; legal authority and implementation details are undetermined at this time.