Camden Property Trust Q2 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Neil Lawrence Malkin - Capital One Securities, Inc., Research Division - Analyst : I guess maybe just following on the development side. You talked about maybe -- well, I wanted to see if you're seeing delays. It seems like you guys probably won't make the development start numbers you initially forecasted. We were hoping you could talk about that. And if it's a function of cost or is it a function of regulatory delays et cetera. Can you maybe just talk about like where you see the starts kind of shaping up over the next several quarters? And that would be great.

Question: Neil Lawrence Malkin - Capital One Securities, Inc., Research Division - Analyst : With what?

Question: Neil Lawrence Malkin - Capital One Securities, Inc., Research Division - Analyst : Okay. Great. Other question is on Houston. I know that several quarters ago, you talked about Houston and D.C. Metro being the 2 markets that you would focus on trimming exposure just given the elevated contribution to your portfolio. It's actually gone up, obviously, with the JV takedown and the 2 SFRs that you're doing right now? Question is, there's been some speculation that the Biden administration is going to do some sort of climate executive order and his administration's endless assault on energy, fossil fuels. What is the likelihood of these sorts of things having an impact? Or is it already having an impact on Houston because the idea that somehow like these unknown green jobs are going to replace even close to the numbers of jobs that will be lost. I mean -- it could be lost, it's [laughable]. So maybe if you can -- you guys are like the kings of Houston, so if you could kind of give your 30-foot view on that, that would be helpful.