By Elias Schisgall
Shares of major homebuilders slipped after President Trump said he would move to block institutional investors from buying single-family homes.
KB Home stock fell 3.3%, to $55.32, midday Wednesday, while Toll Brothers dipped 1.2%, to $134.44. Shares of Beazer Homes also fell 1.1%, to $20.44.
Trump wrote on his Truth Social account that high inflation, which he attributed to Democratic leaders, has meant that the "American Dream is increasingly out of reach for far too many people, especially younger Americans."
"It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it," he added.
He said he would discuss this topic and other proposals to improve housing affordability at Davos later this month.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
January 07, 2026 13:08 ET (18:08 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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