News (w/e 7/17/26)

Federal law now bans large PE firms from buying single-family homes. The 21st Century ROAD to Housing Act became law on July 11 after President Trump let it pass unsigned. It bars "large institutional investors" owning 350 or more homes from acquiring more. It is the first federal statute to lock private equity out of an entire asset class, and industry groups are already lining up the constitutional challenge. Whether it changes anything is a separate question, but the precedent is the story. CNN