Jay Parsons (@jayparsons) / X

Jay Parsons

17.5K posts

Jay Parsons

@jayparsons

Rental housing economist, Dad x5 and suffering Cowboys fan ... Rental housing is essential, misunderstood and we need more of it.

Dallas, Texas

linkedin.com/in/jay-parsons…

Joined September 2008

Pinned
Jay Parsons
@jayparsons
Aug 13, 2024
*UPDATED* (and still true) When you build "luxury" new apartments in big numbers, the influx of supply puts downward pressure on rents at all price points -- even in the lowest-priced Class C rentals. Here's evidence of that happening right now: There are 21 U.S. markets where
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Jay Parsons
@jayparsons
Sep 24, 2024
Fascinating article in @WSJ showing the 4 things that happened after Argentina REMOVED rent controls: 1) Supply increased by >170%. 2) Rent growth eased to 3-year low. 3) Rentals became easier to find + "many renters are getting better deals than ever." 4) Inflation cooled.
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Jay Parsons
@jayparsons
Aug 10, 2023
Inflation is basically GONE when you exclude the lagged shelter (i.e. rent) data in CPI. Remember: Rent is the biggest variable in the CPI's biggest category (shelter), and there's a known 12-month lag between asking rents and CPI rents. I'm surprised how little buzz there is
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Jay Parsons
@jayparsons
Sep 6, 2023
Supply continues to do its thing: For the first time in many decades, apartment rents are rapidly flattening (and could soon go negative) at the same time demand remains healthy. Why? Apartment construction is at 40+ year highs-- shifting the balance of power to renters. YoY,
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Jay Parsons
@jayparsons
Feb 23, 2024
When you build "luxury" new apartments in big numbers, the influx of supply puts downward pressure on rents at all price points -- even in the lowest-priced Class C rentals. Here's evidence of that happening right now: There are 12 U.S. markets where Class C rents are falling at
501K
Jay Parsons
@jayparsons
Jul 10, 2024
An odd thing keeps happening: - Apartment rents are cooling where new supply gets built in big numbers, AND... - Apartment rents are climbing where little new supply gets built. Could it be all about supply and demand? 🤔
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Jay Parsons
@jayparsons
Oct 23, 2024
Do "landlords" profit by keeping vacancy higher? Common sense, science, math, and Econ 101 all say no. But conspiracy theorists say yes, so NMHC did a research paper on the topic. They found, not surprisingly, that higher vacancy is correlated with lesser rent growth. When
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Jay Parsons
@jayparsons
Oct 4, 2023
Apartment rents in the U.S. are barely hanging on, rising just 0.1% YoY through September. Many key markets -- especially on the West Coast and Sun Belt -- are already in the red. As @NickTimiraos put it recently, it's disinflation without demand destruction... something we
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Jay Parsons
@jayparsons
Nov 13, 2025
"After decades with long-term tenants, the brothers calculated that getting the apartments back up to code would cost thousands of dollars that couldn’t be recouped at the artificially low rent cap. So the apartments sit vacant and off the rental market. According to the Census
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Jay Parsons
@jayparsons
Feb 27, 2025
Good read on the impact of massive supply of new apartments in Austin. Bottom line: New "luxury" apartment construction benefits ALL renters with lower rents and increased availability. Build MORE of everything, not just Affordable Housing alone.
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Jay Parsons
@jayparsons
Jul 20, 2025
Replying to @DKThomp
Really wild how home prices and rents are falling in markets where we build housing, and rising in markets that do not build housing. Makes you think there might be something to that theory of supply and demand after all.
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Jay Parsons
@jayparsons
Jul 2, 2025
All the articles portraying California's CEQA rollback as a blow to environmentalism inspired me to look for egregious examples of how CEQA has been weaponized to stall/block housing development. Here are 10 crazy cases I found. 🧵
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Jay Parsons
@jayparsons
Jan 5, 2025
NIMBYs complain: We built 2 apartment buildings and rents didn't go down! Well... Austin is building 1 new apartment unit for every 10 that currently exist, and rents are going down ... even as Austin remains a top MSA for population growth.
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Jay Parsons
@jayparsons
Oct 29, 2025
Every legitimate source for apartment data shows: Where there's a lot of new apartment supply, rents are falling. Where there's little new apartment supply, rents are rising. It's all about supply and demand. Source: Avison Young Q3 report using CoStar data
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