Blackstone, Housing Stocks Slip as Trump Targets Big Investors

Trump's Housing 'Trial Balloon' Will Be Short-Lived: Meredith Whitney

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By Georgie McKay and Matthew Griffin

January 7, 2026 at 6:34 PM UTC

Updated on

January 7, 2026 at 9:29 PM UTC

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.

Blackstone fell by as much as 9.3%, trimming some losses to close down almost 6%, after Trump said he was “immediately taking steps to ban large institutional investors from buying more single-family homes” in a push toward promoting housing affordability.