Donald Trump said he had cancelled the signing of a bipartisan bill aimed at boosting the supply of affordable housing in the US, in a move that sent listed home construction groups sharply higher.
The bill included a provision to restrict purchases of single-family homes by big Wall Street investors, a move that could curb overall demand for properties.
The signing was scheduled for Wednesday but the president said in a social media post it was “hereby cancelled until such time as we pass the desperately needed SAVE AMERICA ACT, which I consider to be a National Emergency”.
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