Market Spotlight: Houston
2021 has been a year of historic apartment demand and rent growth nationally, and Greater Houston certainly has not been an exception.
Average Lease-up Time Has Decreased After Years of Increase
Construction times continue to grow, but the average lease-up duration for new properties has fallen this year for the first time in years.
Demand Has Cooled from Its Summer Peak, but Remains Elevated
Apartment demand has cooled off compared to earlier in the year, but monthly absorption remains higher than anything seen in recent years.
Rent Growth Continued Its Decline in October
For a second straight month, national rent growth slowed. Even so, October marked seven consecutive months with a monthly gain above 1%.
Market Spotlight: Dallas – Fort Worth
In what has been a remarkable bounce back year for multifamily, the DFW market has been the leader in both new supply and apartment demand.
Takeaways Episode 15
Senior Market Analyst, Jordan Brooks, shares final thoughts on the October 2021 newsletter article, Third Quarter: Demand Slowed, but Rents Continued Their Climb.
Top 5: Q3 Average Effective Rent Growth
Apartment demand slowed some in the third quarter, but rent growth increased. Here are the top five markets for rent growth in the quarter.
Third Quarter: Demand Slowed, but Rents Continued Their Climb
Multifamily has roared back in 2021, and even as demand cooled some in the third quarter, rent growth continued to accelerate.
Rent Growth Tapered (Slightly) in September
2021 has seen historic rent growth, but September marked the first real slowdown in apartment demand and rent growth since the spring.