
 The Rent Roll with Jay Parsons EP#32 Mike Kingsella | Can YIMBYs Reverse The Supply Slowdown?
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 May 1, 2025  Mike Kingsella, CEO of Up for Growth, champions YIMBY (Yes In My Backyard) initiatives aimed at increasing housing supply. He discusses the slowing multifamily housing construction and the need for a bipartisan approach to tackle rent control and affordability issues. Kingsella emphasizes the importance of collaboration among diverse leaders to unite behind building more homes. The conversation also explores the implications of current housing policies, landlord-tenant dynamics, and the pressing need for community engagement in solving housing challenges. 
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Supply Growth Drives Rent Dynamics
- Apartment supply growth directly impacts rent trends, with high supply lowering rents and low supply raising rents.
 - New luxury market-rate housing creates a filtering effect that benefits renters at lower income levels.
 
Wage Growth Improves Affordability
- Wage growth outpacing rent growth widens the pool of renters who can afford market-rate apartments.
 - This trend supports housing affordability despite supply challenges.
 
Construction Plummets, Future Undersupply Looms
- Apartment construction is at historic lows, down significantly from recent peaks.
 - This decline will likely cause a future undersupply, reversing the current oversupply situation.
 



