During President Obama's address on housing reform last week, he mentioned several planned initiatives aimed at lowering rental rates, and also several initiatives focused on spurring home demand for first-time home buyers. In this video, Fool.com deputy editor Austin Smith gives his take on the president's speech, and gives investors some interesting picks to take advantage of some of the housing trends President Obama highlights.

Austin Smith owns shares of Wells Fargo. Chris Hill has no position in any stocks mentioned. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.