Blackstone Inc. shares dropped significantly after former President Donald Trump announced his intention to propose a ban on institutional investors purchasing single-family homes. Trump's statement, made on Truth Social, cited concerns that "people live in homes, not corporations." This announcement led to a sell-off in Blackstone stock and impacted the broader real estate sector, as investors anticipated potential restrictions on institutional home buying. Blackstone has previously stated it owns less than 1% of available housing in its markets.