By Elias Schisgall
Shares of Blackstone and BlackRock retreated after President Trump said he would try to bar institutional investors from buying single-family homes.
Blackstone's stock slid 7.3% to $151.00 early Wednesday afternoon, and shares of Blackrock were down 2.3% to $1,086.36
Trump wrote on Truth Social that he will be "immediately taking steps to ban large institutional investors from buying more single-family homes," adding that he would seek to have Congress pass a law codifying the initiative.
He did not provide more details but said he would discuss the idea at Davos later this month.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
BlackRock doesn't buy single-family homes. "Blackstone, BlackRock Shares Fall on Trump Plan to Stop Institutional Investment in Single-Family Homes," at 1:12 p.m. ET, incorrectly implied the company bought single-family homes.
(END) Dow Jones Newswires
January 07, 2026 14:21 ET (19:21 GMT)
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