National Look at Multifamily Price Classes
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.
2017 Absorption, Occupancy, and Year in Review
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.
Multifamily Floorplan Distribution
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?
Multifamily New Construction
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…
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…