The Rent Roll with Jay Parsons

Election results are in, and rental housing economist Jay Parsons talks about how President Trump's win could impact rental housing — as well as reviewing California voters' decisive takedown of a ballot measure that would have expanded rent control across the state. Additionally, Jay provides five key indicators showing why new apartment supply will remain constrained for the foreseeable future — and what that could mean for the market. Later in the program, Jay continues the supply conversation with Paul Thrift, CEO of Thompson Thrift, the nation's 13th-largest apartment developer. Paul shares how Thompson Thrift is navigating the challenging headwinds to continue an aggressive push to start new apartment projects across the country.=======================0:00 - Intro0:59 - Market data9:06 - Rental housing trivia9:40 - In the news16:14 - Good question20:20 - Complaints department 22:22 - Rental housing trivia answer23:36 - Paul Thrift intro25:22 - Origin Thompson Thrift28:12 - Current market conditions31:40 - Construction costs35:20 - Regulations 38:50 - Zoning42:22 - Thompson Thrift markets45:02 - Buyer interest49:45 - Mission to serve 53:26 - Outro

Rental housing economist Jay Parsons provides an Election Day look at the rental housing platforms of Vice President Kamala Harris and former President Donald Trump, commentating on the potential impacts for rental housing investors and renters should either be elected. Later in the program, former Freddie Mac CEO David Brickman joins the show to preview his upcoming paper on the success story of multifamily — and looking at what other countries could learn from the U.S. model that has resulted in more housing availability for renters. David and Jay also talk about upcoming challenges facing the U.S. rental market, including the aging stock of tax credit and naturally occurring affordable housing, and what solutions might address that issue. David also opines on whether Fannie Mae and Freddie Mac should be allowed to provide construction financing to further spur new supply. Additionally, Jay breaks down headlines on California's Prop 33 and the potential impact of SROs (so-called "adult dorms.") And Jay also tees up a special Election Day edition of Rental Housing Trivia.======================0:00 - Introduction1:47 - Presidential candidates on housing11:31 - Rental housing trivia12:25 - In the news19:49 - Good question21:06 - Companies department23:59 - Rental housing trivia25:05 - David Brickman intro25:47 - Paper on the success story of multifamily31:08 - Historical analysis34:10 - Construction financing37:50 - Fannie Mae and Freddie Mac41:35 - Rental market concerns46:07 - Solutions50:45 - Outro

Rental housing economist Jay Parsons welcomes in the former CEO of both Fannie Mae and Berkadia, Hugh Frater, to talk about the politicalization of rental housing. Hugh provides a history lesson on how key policy decisions of the past contributed to the housing affordability challenges of today. Jay and Hugh also talk about why supply is the only lasting solution. Additionally, Jay addresses a common misconception about the impact of new supply in the "Complaints Department" segment, while offering up another edition of Rental Housing Trivia.=====================0:00 - Introduction0:41 - Market data3:51 - Rental housing trivia4:35 - In the news10:16 - Good question 12:08 - Complaints department14:57 - Rental housing trivia answer 16:37 - Hugh Frater introduction17:34 - Housing policy26:00 - Advice to presidential candidates 34:10 - Role of Fannie and Freddie 37:40 - Vessel technologies42:25 - Outro

Dr. Lynne Robinson, the Mayor of Bellevue, Washington, shares her insights on the city's innovative partnerships with tech giants like Amazon and Microsoft to tackle workforce housing issues. She discusses how collaboration between local governments and developers can streamline housing policies. Dr. Robinson highlights successful strategies that balance community needs while addressing housing shortages. She also offers advice for developers looking to navigate local policies and create win-win scenarios for both cities and residents.

Join David Auerbach, a REIT research analyst at Hoya Capital, as he dissects the current trends in the rental market. He shares insights on the robust Q3 2024 apartment performance, where both supply and demand are soaring. David also previews earnings for single-family and multifamily REITs, discussing the contrasting landscapes of the Sun Belt versus coastal markets. He touches on the impact of tenant satisfaction and the unique challenges facing homeowners and landlords in today’s fluctuating economic climate.

Rental housing economist Jay Parsons shares on the roller-coaster path multifamily supply, covers recent headlines on apartments and single-family rentals, and offers up rental housing trivia and Q&A. He's joined later by Payton Mayes, CEO at apartment developer JPI, to dive into the headwinds facing developers today, how JPI is working around those headwinds, and what policymakers can do to boost housing supply.========================0:00 - Intro0:54 - Research around supply4:59 - Rental housing trivia5:39 - In the news11:35 - New digs12:39 - Complaints department14:40 - Rental housing trivia answer15:18 - Payton Mayes introduction16:05- JPI staying active in this environment22:08 - Portfolio in Texas and California 24:21 - Project structure  26:45 - Texas real estate market29:17 - Real estate political landscape 33:55 - Vision for JPI36:00 - Outro

Dan Oberste, CEO of BSR REIT, shares insights from his extensive experience in the multifamily real estate sector. He debunks myths surrounding publicly traded REITs, explaining their unique challenges and benefits. The conversation dives into misconceptions about rental markets, especially in the Sun Belt, and offers a refreshing perspective on the evolving affordability landscape. Oberste also discusses the implications of interest rates on real estate investments and the contrasting experiences of renters across different regions.

Bob Simpson, the Head of the Multifamily Impact Council, brings his expertise from Fannie Mae and the Senate to discuss the pressing need for middle-income housing. He highlights the investment potential in affordable properties, stressing their long-term performance benefits. The conversation also tackles economic barriers in Texas, innovative solutions for construction, and the vital role of public-private partnerships. Simpson advocates for redefining affordability and the positive impact mixed-income housing can have on communities and investors alike.