Rental housing economist Jay Parsons breaks down the five key takeaways from the single-family rental REITs' third quarter earnings calls, and then welcomes in Invitation Homes CEO Dallas Tanner for a conversation on the evolution of SFR. Jay talks about what impact recent hurricanes had on the SFR companies, and how they're continuing to pivot away from buying individual homes and toward building new build-for-rent homes. He'll also talk about how new supply competition isn't just a multifamily phenomenon. Jay reviews recent headlines on rental housing -- including more on the potential impact of reduced apartment starts. Jay also brings back recurring segments like "Complaints Department" — dealing with a common myth around homeownership — and "Rental Housing Trivia." Later in the program, Jay asks Dallas about what he saw that others did not in the early days of SFR. Jay and Dallas talk about the evolution of institutional SFR, with public perception of the business shifting from rescuers to boogeymen. And Jay asks Dallas about the future of institutional SFR, and whether this shift toward build-to-rent is a point-in-time strategy or a permanent shift.

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• 0:00 - Intro


• 1:26 - Market data


• 10:10 - Rental housing trivia 


• 10:46 - In the news


• 19:36 - New digs


• 20:54 - Good question


• 23:17 - Complaints department


• 24:58 - Rental housing trivia answer 


• 25:27 - Dallas Tanner intro


• 26:35 - What did Dallas see in SFR?


• 29:45 - Scaling 


• 31:26 - Regulation and finding solutions


• 36:51 - Who are SRF renters? 


• 40:00 - Customer trends and strategy 


• 44:32 - Home ownership


• 53:40 - Outro