WASHINGTON (TNND) — President Donald Trump signed an executive order on Tuesday aimed at curbing the power of Wall Street investors from buying single-family homes.

"To preserve the supply of single-family homes for American families and increase the paths to homeownership, it is the policy of my Administration that large institutional investors should not buy single-family homes that could otherwise be purchased by families," a White House fact sheet said of the order.

Guidance on the restrictions on the purchasing must be issued within 60 days, according to the White House.

The order calls on both the Justice Department and Federal Trade Commission to use antitrust laws to "review substantial acquisitions, including series of acquisitions, by large institutional investors of single-family homes in local single-family housing markets."

Rules and guidance related to investors acquiring or holding single-family homes may also be revised by the Treasury Secretary as per the order.

According to a study of the Government Accountability Office, about 3% of all single-family homes are owned by institutional investors. In a written statement to The National News Desk, The National Rental Home Council, the trade association that represents the single-family rental home industry, said it is continuing to work on the housing shortage in the U.S.

"For many families, single-family rentals provide stability and space for family formation and a launchpad to homeownership. In recent weeks, independent experts and news outlets have made one thing clear: professional single-family rental providers own far less than 1% of homes and are not the cause of America's housing shortage," a spokesperson wrote.

"Our country needs more housing investment, so we look forward to working with the Administration and other policymakers to expand rental options and create real pathways to homeownership. We will continue to do our part by preserving existing homes and building new homes to expand the nation’s housing supply.”

Trump also teased talk of "Housing Affordability" during his upcoming speech at the World Economic Forum in Davos this week.

Trump has recently proposed measures that focus on affordability and cost of living as the midterm elections creep up. For example, one of the president's recent initiatives was encouraging Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds to help with housing affordability.