Episode Summary

In this episode of The Landscape, Evan Kinne and Edward Steffelin, Managing Directors at George Smith Partners, speak with Tim Sullivan, Chief Advisory Officer at Zonda, about the current state of the U.S. housing market. Tim shares timely insights on the challenges facing for-sale housing, the emergence of build-to-rent communities, and the growing impact of tariffs on construction costs. The discussion also covers the affordability crisis, the contrast between public and private homebuilders, shifting rental demand, and why regulatory barriers—not institutional investors—are the biggest obstacle to increasing housing supply.