5 Takeaways From Apartment REIT Calls

Rental housing economist Jay Parsons breaks down earnings call season for the apartment REITs, offering up five big takeaways from what turned out to be a moderately upbeat quarter. Jay shares why REITs continue to see strong fundamentals ... and yet aren't raising guidance. Jay also shares key insights from REIT commentaries on hot topics like renter financial health, low turnover, impact of federal layoffs in D.C., and potential impacts from tariffs. In the second half of the program, Jay welcomes in Alfonso Costa Jr., a former senior official at HUD and now the COO at Falcone Group, a Florida-based developer with a national footprint. Alfonso shares his unique perspective on housing as someone who has served in senior roles in both the public sector and private sector — and offers up thoughts on what could help move the needle again on housing creation. Alfonso also talks about what still works, in terms of new development, in the current high-rate environment. Additionally, Jay brings back recurring segments like "In the News" and "Rental Housing Trivia."

TIMESTAMPS:
0:00 - Intro
2:23 - Here’s A Chart
25:00 - Rental Housing Trivia
25:32 - In the News
34:14 - Rental Housing Trivia Answer
35:48 - The Interview
36:22 - Alfonso’s Background
41:02 - Working with Scott Turner
45:04 - Getting More Housing Built
50:26 - Finding in Falcon
53:26 - How the Public Sector Influences Working the Private Sector
1:01:34 - Operating in certain Areas
1:05:11 - Influence of Programs like ‘Live Local’
1:08:43 - The Influence of Tariffs
1:11:37 - Outro