Rental housing economist Jay Parsons tackles today's biggest newsmaker: tariffs. What impact are tariffs having on apartment and BTR construction and operations? How much will new starts be impacted? What components are most impacted by tariffs? Jay cuts through the noise and hot air to share five observations and insights on the potential impacts of tariffs on multifamily and build-to-rent housing. Jay also breaks down recent headlines speculating about the impact on rents, and explains why the current narrative is likely wrong. Additionally, Jay welcomes in two executives — Scott Villani and Dan Hull -- from one of the nation's largest apartment builders, NRP Group. Scott and Dan open up NRP's playbook to share where they're seeing impacts from tariffs, and why the total impact on construction costs is likely less than many people think. Scott and Dan also share what they're seeing in the current lease-up environment, and what markets are showing signs of rebounding earliest and supporting the next wave of new construction starts.

Rental housing economist Jay Parsons breaks down the latest and freshest data on the U.S. apartment market — including supply (on the decline), demand (on the rise) and rents (ticking back upward). What's driving the improvement and how is the outlook changing given recent noise around the economy? Cortland's EVP and Head of Research, Lee Everett, joins the podcast to share his perspective on the market — and why apartments may be well positioned for the road ahead relative to alternatives. Jay and Lee also share expectations for rent growth in 2025 and 2026 as supply drops off. When will rent growth return to positive territory in the high-supplied Sun Belt and Mountain markets? Additionally, as always, Jays breaks down the latest headlines impacting rental housing with "In the News" and tees up another round of "Rental Housing Trivia."

Rental Housing Economist Jay Parsons breaks down 25 years of the NMHC Top 50 apartment owners lists to reveal some surprising facts and history. For example: Did you know the NMHC Top 50 own only 11% of U.S. apartments? Or that the top owners of the late 1990s and 2000s were much bigger — in terms of unit counts — than today's largest owners? Or that the floor for the Top 25 Developers is lower than at any point in 10+ years — another sign that developers are starting fewer apartments. Jay also breaks down the brief histories of the 14 different NMHC #1 owners since 1990, and reveals where each one is today. Later in this week's episode, Jay welcomes in Antonio Marquez, the founder of Comunidad Partners (a leading provider of workforce housing) who holds leadership roles with the National Multifamily Housing Council and the Multifamily Impact Council. Antonio shares his story growing up as a first-generation Mexican-American, and how his upbringing inspired his mission to build a sustainable workforce housing model delivering positive impacts for renters and investors alike. Additionally, Jay brings back recurring segments of the podcast, including "In the News" and "Rental Housing Trivia."

Rental housing economist Jay Parsons breaks down the case for the Southeast's apartment and single-family rental markets. While some pontificators have openly fretted over slowing population growth, Jay shares data and forecasts showing the Southeast (as well as Southwest) — while moderating — remain much better positioned for growth (particularly among young adults more likely to rent) than other parts of the country. While the 50-year high in supply has created a big headwind across the Southeast of late, the drop in starts could flip the script in the near future. Jay looks back at the Southeast's pre-COVID performance as a potential indicator for what the next cycle could look like. Adding to the topic, James Kane — ex-Starwood Managing Director and current Southeast Partner for Madera Residential — joins the podcast to share his experience managing tens of thousands of units across the region, and shares his views on what Southeast markets look attractive going forward. Additionally, Jay brings back recurring segments like "New Digs," "Rental Housing Trivia" and "In the News."

Rental housing economist Jay Parsons dives deep into a topic that is far more nuanced than it's typically given credit for: low turnover among renters. Nearly everyone wants to give all the credit to the lack of move-outs to buy single-family homes. And certainly that's a factor, but is it the only factor? The data suggests it's just one of several factors at play. Jay examines other factors that help explain why turnover has been unusually low throughout these past five years — even back when home sales were booming. Additionally, Jay brings in multifamily proptech guru Dom Beveridge for a conversation on the evolving role of technology in resident satisfaction and retention, as well as leasing and staffing efficiency. How do we separate real advancements from buzzy vaporware on hot topics like AI and centralization? Dom shares highlights from his latest 20for20 report offering intel from apartment executives on real technology trends impacting property owners and managers. And as always, Jay offers up recurring features like "In the News" and "Rental Housing Trivia."

Rental housing economist Jay Parsons breaks down a new groundbreaking study on Opportunity Zones, which have proven to be remarkably effective — and efficient — in producing housing. Jay shares key takeaways from the study and then welcomes in "The Wizard of OZ" — Opportunity Zone apartment developer Barrett Linburg. Barrett and Jay talk about why the program has been a win/win for investors and for renters, and also previews what OZ 2.0 might look like as Congress works on potentially expanding and extending the Opportunity Zone legislation. Additionally, Jay reviews the latest headlines impacting rental housing — including two states discussing new rent control programs — and offers up another edition of "Rental Housing Trivia" and "Complaints Department."

Rental housing economist Jay Parsons talks about the shifting institutional appetite for apartments and build-to-rent SFR with ACRE co-founder Michael Van Der Poel. Jay shares the latest data on capital flows-- which have increasingly shifted away from higher regulated markets on the coasts toward growth markets in the Sun Belt and Mountains, as well as the Midwest. Jay highlights the unique challenges in Los Angeles in particular, and why its attracting a far smaller share of apartment investment and development dollars today compared to past cycles. Additionally, Jay highlights the specific markets that have gobbled up a larger share of investment dollars in recent years, including big markets like Dallas/Fort Worth and also smaller markets like Charleston. Jay and Michael also discuss equity and debt strategies for institutions, market preferences, BTR, and whether now is the time to invest in new development again. Additionally, Jay brings back recurring features like "Rental Housing Trivia" and "In the News."

Rental housing economist Jay Parsons breaks down the five key takeaways from the single-family rental housing REITs' recent earnings calls. The big one: Why did SFR revenue growth slow down given few home sales plus a large discount to rent versus buy? Punchline: The mainstream narrative has been wrong — and always was wrong. Jay breaks down why that's happening. Jay also shares the latest on how and why the SFR REITs continue to recycle capital — selling older, scattered-site homes and investing in new home construction. Jay also brings back recurring segments like "In the News" and "Rental Housing Trivia." Later in the program, Jay talks shop with one of the nation's top SFR brokers, JLL's Matthew Putterman. Jay and Matthew talk about the current SFR buy box, why institutions aren't buying houses off the MLS anymore, and how regulatory risk is impacting investment strategies.

Rental housing economist Jay Parsons makes the case for tertiary markets — smaller metro areas outside the top 50 in size. Jay shares data on how (and why) smaller markets have outperformed on rent growth in recent years, and reveals which tertiary markets might continue to see strong demand for apartments and single-family rentals into the next cycle. Jay also shows data highlighting how investors have increasingly shown interest in smaller markets, which now comprise around 20% of all U.S. apartment sales — up substantially over the last 15 years. Later in the program, Jay brings into the discussion Jasin Alfaro, CEO of Metonic, to dive deeper into tertiary market strategies. Metonic is the Omaha-based owner of 10,000+ apartment units across the Midwest, Texas and California. Jasin reveals why Metonic believes in tertiary markets, what he looks for when selecting a smaller market, and how to sell investors on markets they may not know well. Additionally, Jay brings back recurring segments like "In the News," "New Digs" and "Rental Housing Trivia."

Rental housing economist Jay Parsons dives into the growing trend of institutions expanding or creating debt funds targeting multifamily. Jay is joined for the discussion by Dan Walsh, the founder and CEO of Citymark Capital, which sold most of its apartment equity investments around the market's peak, and has since shifted to buying loans from banks and debt funds. Dan shares what led him to make that shift when he did, and why he's favoring debt over equity right now. Additionally, Jay breaks down a busy week of headlines on apartments and single-family rentals — including KKR's new $850 million debt fund, JPMorgan's big bet on build-to-rent homes, a Boston mayoral candidate's novel rent control proposal and a questionable headline from The New York Times. Jay also shares more highlights from REIT earnings calls, plus a REIT-themed edition of "Rental Housing Trivia."