This House would prohibit corporate ownership of single-family homes.

econ

Institutional investors now own 3 to 5 percent of U.S. single-family rentals. In specific metros (Atlanta, Phoenix, Charlotte) the share is 15 to 25 percent. The macro impact on prices is disputed; the micro impact on renters is not.

Background

Invitation Homes (founded by Blackstone), Tricon, and AMH together own over 250,000 single-family rentals. A 2023 University of Pennsylvania study found their entry into a metro correlates with a 2-4% price bump in the first 18 months, but no measurable bump after that; the effect saturates. The eviction filings story is sharper: institutional landlords file 14-20% more eviction notices per occupied unit than mom-and-pop landlords in the same markets, per Brookings.

Government opens with

Housing is the cornerstone of household wealth; corporate ownership extracts that cornerstone.

Opposition responds with

Banning institutional buyers shrinks the rental supply that renters depend on.