The CEO of Invitation Homes, the nation’s largest single-family rental landlord, said he believes the recently passed housing bill that bans investors like him from buying existing homes will eventually lower home prices, but not in the short-term.
“I believe in the medium- to long-term, it definitely will,” said Invitation Homes chief executive Dallas Tanner. “I think 90% of the bill focuses on deregulation. How do we simplify capital coming into housing? Are there ways that we can spur up the supply side challenges that we have? I think overnight in the immediate term, it’s a bit trickier because there’s more to the story than just what the bill addresses.”
Tanner pointed to mortgage rate volatility, high construction costs, and zoning and regulatory imbalances.
In early January, President Donald Trump called for a ban on large-scale investors buying single-family homes to rent. He posted on social media that, “People live in homes,…
