On this episode of The Distribution, Brandon Sedloff sits down with John Burns, founder and CEO of John Burns Research and Consulting, an independent research and consulting firm serving the U.S. housing industry. Few people know as much about the residential market as John and his team do. During the conversation, he discussed how the single-family rental housing market has evolved since 2012, which data points his team uses to monitor supply and demand and the volatility in the mortgage market.

Links:

John on Linkedin

JBREC

Juniper Square

Brandon on LinkedIn

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Topics:

(00:00:00) - Intro

(00:01:27) - John’s career and an inside look at the structure of JBREC

(00:06:19) - The story of housing in the US over the past 40 years

(00:07:39) - When did the institutionalization of housing take place?

(00:10:55) - What’s happened in SFR over the past decade?

(00:12:03) - How is institutionalization impacting the industry?

(00:15:16) - Demographics in renting vs. owning homes

(00:16:14) - SFR vs. Build to Rent

(00:17:44) - The state of the new-home market

(00:20:36) - What’s consumer demand looking like?

(00:23:23) - Is there any risk of accelerated institutionalization?

(00:24:28) - Leading indicators for the housing market

(00:28:47) - Thoughts on an impending recession

(00:30:11) - What’s your take on the rising interest rates?

(00:33:27) - How can we truly achieve affordability in housing?

(00:38:41) - What do you predict for the housing market over the next 12 months?

(00:40:49) - How would you advise folks interested in the housing market?

(00:42:25) - John’s Fear and Greed Survey

(00:45:25) - What’s the best way to contact your firm?