JPI Hires Texas Housing Economist Jay Parsons

Leading housing economist Jay Parsons is taking his talents to JPI.

Parsons, whose analysis of the multifamily market has garnered him a significant online following, will join the Dallas-based apartment developer as an economic advisor. His position is part-time.

He’ll provide economic insights to guide JPI’s investment decisions.

The key to addressing the nation’s housing shortage is supply, according to Parsons. He was drawn to the company’s ability to deliver apartments “more efficiently and expeditiously,” he said in a release.

JPI has developed more than 370 apartment communities in the last 35 years, It primarily focuses on multifamily development in Dallas-Fort Worth and southern California.

The firm started construction on the 343-unit Jefferson Grove in the Fort Worth suburb of Haltom City in November. The development has an affordable component; 51 percent of units are reserved for people making 80 percent of the area median income, which, in Haltom City, is $45,000.

JPI was purchased by Japanese housing firm Sumitomo Forestry in 2023.

Prior to joining JPI, Parsons worked at RealPage for 15 years, working up to the position of senior vice president and chief economist. He’s been cited by national outlets like the Wall Street Journal and the New York Times. Last year, he launched a podcast, “The Rent Roll with Jay Parsons.”

Parsons was featured on The Real Deal’s “Deconstruct” podcast in 2023 to discuss the Sun Belt multifamily market.

He also serves on the board of advisors for local non-profit Apartment Life. The faith-based organization aims to improve life and reduce loneliness at apartment communities.