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…
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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…
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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…
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February 2016 Home Ownership
Last year I wrote that 2015 will be remembered as one of the best performing annual periods in the Dallas-Ft. Worth market is recent memory. Based on preliminary numbers, 2016, in contrast, will go down as a turning point. For the first time in a long time we are seeing some submarkets struggle not just for…