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…
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…
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…
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…
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.
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…
With the first quarter of 2017 in the books, this remains one of the longest winning streaks for multifamily – at least on a national scale. Over 32,000 units were absorbed in the 36 states that we monitor in the first quarter of 2017. Here’s a look at those states over the last three months….
