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Stock impact report

Banning institutional investors from buying homes will backfire for many Americans, experts say [Fortune]

American Homes 4 Rent Common Shares of Beneficial Interest (AMH) 
Last american homes 4 rent common shares of beneficial interest earnings: 2/27 05:00 pm Check Earnings Report
US:NYSE Investor Relations: investors.ah4r.com/overview/default.aspx
Company Research Source: Fortune
But it won't be the cure-all to the housing affordability crisis they think it will be. Recommended Video “We want homes for people, not for corporations,” Trump said during the State of the Union address in February, touting his plan to cap institutional ownership to 100 single-family homes. On Thursday, the Senate voted 89-10 to pass a bill containing number of measures to make housing more affordable, including banning any investor that owns at least 350 homes from buying more. The proposed bans come as the U.S. housing market is facing a shortage of 4.7 million units, an all-time high according to Zillow , and the median age of the average first-time homebuyer in the United States has shot up to 40 years old. The affordability crisis is real, but economists say both proposals won't break fundamental barriers to homeownership and may backfire for the low-income Americans the bills aim to help. “People want to identify a boogeyman that can say, ‘Hey, this is the problem, Show less Read more
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