Q3 Multifamily Occupancy and Rents Review
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.
Hurricane Harvey: Multifamily Impact
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…
2017 AAGD-AATC Business Exchange Recap
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 Markets: Rent Growth Receding
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…
2017 Mid-Year Multifamily Occupancy and Rents
So far in 2017, almost 200,000 conventional units have been absorbed and nationally the average occupancy rate is at 92.2%. That represents a growth of 0.3% in occupancy over the last six months and a national growth in occupancy of 0.1% since last month. Nationally, effective rents are up 2.9% through the last two quarters…
Nationwide Multifamily Overview
As of July 1st we will have expanded our pricing and amenity coverage nationwide. For conventional properties with 50 units or more we will be updating on a monthly basis. New – Market Stats Including planned communities, we are currently tracking more than 140,000 properties with almost 17,000,000 units. Of those, about 16,000,000 units within…
Recap: ALN Apartment Data at the 2017 NAA Education Conference & Exposition
The 2017 NAA Education Conference & Exposition is under our belts, and it was a resounding success! Atlanta was definitely “Hot-Lanta” this year and the rain did little to help. Meanwhile, NAA set a new record for attendance this year, successfully held over 60 sessions and had three awesome keynotes. On the showroom front, there were some exciting winners on the…
New Units on the Ground at Decade Level Highs But the Pace of New Development is Slowing
In the last few years North Texas has been at ground zero of the multifamily new construction explosion. Of the multifamily units currently under construction in the United States, one in seven is in Texas. Of the Texas units under construction, nearly one in three is in the North Texas metroplex.
Introduction: Washington & Oregon
As we expand our pricing coverage across the USA we have recently added the Pacific Northwest to our portfolio. Here’s a look at the 3 major markets in Washington and Oregon: Seattle, Spokane and Portland. Washington ranks 14th among the states with about 350,000 units in almost 3300 properties. At an average age of 32…