While we’ve been in a construction boom of sorts in the seven years since the Great Recession, by historical standards, the industry is still within the normal range of production. But is it time to pump the breaks on new construction?
The last 12 months have shown that while absorption continues to remain relatively healthy, some markets are experiencing increasing competition for new renters in the top price classes of the market.
Last year was unquestionably one to remember. Looking back at the last 12 months, how did Multifamily absorption affect the industry? While overall numbers look good for 2017 in much of the country, the Q4 numbers present a more sobering outlook going forward.
About 50% of all the new Multifamily floorplan units built over the last year are one bedrooms, but what is contributing to the shift to smaller units?
Looking at Multifamily New Construction in the US, where there’s been an average of about 180K net rented units per year absorbed over the last three years…
While many Multifamily markets are performing well at the end of the third quarter of 2017, others are seeing decreases in occupancy and rents compared to prior years.
From August 25th 2017 through August 29, 2017, Hurricane Harvey wreaked havoc on Southeast Texas. The coastal areas from Corpus Christi to Beaumont/Port Arthur all suffered damage due to high winds, flooding, or both. The community of Rockport, northeast of Corpus Christi, took the brunt of wind damage. The meandering remnants of the storm dropped…
The Apartment Association of Greater Dallas and Apartment Association of Tarrant County hosted the annual Business Exchange at the Arlington Convention Center on August 16th. The event was sponsored by Maintenance Supply Headquarters. Annual Business Exchange Highlights The AAGD/AATC Business Exchange is a fundraiser for the National Apartment Association Political Action Committee (NAAPAC), and 2017…
Texas has repeatedly been in the top handful of states for absorption and occupancy over the last decade. So far in 2017, the absorption numbers are still holding up. The Lone Star State ranked first in absorption from July 2015 to July 2016 with a net gain of 36,000 rented units. In addition, Texas markets rank second only behind California…
