EP#95 Frank Cassidy | Less Red Tape, More Supply

Rental housing economist Jay Parsons speaks with the outgoing head of the Federal Housing Administration (FHA) and Assistant Secretary for Housing at HUD, Frank Cassidy. Jay and Frank discuss the significance (and specifics) of cutting red tape to improve supply and liquidity in the multifamily housing market, as well as the ups and downs of working as a political appointee in Washington. And what more can we expect from FHA and HUD to help streamline housing supply, particularly for affordable housing? Additionally, in this week's "Here's a Chart" segment, Jay shares the latest data on apartment lease-up volumes, and what impact they're having on the rent recovery as well as the next generation of new development. The impact is nowhere near evenly distributed across the country, and Jay highlights which markets are ahead (and behind) the pack. Jay also breaks down the latest headlines in rental housing, including a data-heavy article from The Wall Street Journal looking at the impact of high-income renters in New York City's rent stabilized apartment market.