With early job production figures showing the economies in Texas kicking into even higher gear in 2013, it’s no shock to see Houston and Dallas/Fort Worth at the top of the charts for apartment leasing during the year-ending 1st quarter.
In Sun Belt metros where ongoing construction is overwhelmingly urban core focused, some counter plays in the suburbs certainly appear to exist. Houston seems to serve as the most extreme example of that option.
All across the country, apartment rent growth levels are easing. But not in Houston, where the booming local economy is finally translating to some very significant rent growth.
Houston’s booming economy has helped top-tier apartments fill up, and that’s now triggering demand for the metro’s long-ailing bottom-tier apartment properties.
Houston leads the nation in job growth, and that’s fueling very strong demand for apartments. But overall market fundamentals remain mediocre.
Houston ranks among the nation’s leaders for job growth, but its apartment sector ranks dead last for overall occupancy. How’s that possible?
Recycling apartment sites certainly isn’t a new thing, but that pattern really just emerged during the most recent building cycle in Sun Belt locales across the Southeast and into Texas.
The Texas markets are looking like hotbeds of job growth and apartment demand over the next few years. But the story is not completely written quite yet. Greg Willett of MPF Research explains.
Houston apartment fundamentals still look weak compared to other Texas markets, but things are moving in the right direction, and there are some bright spots.
What insights can Texas provide about what the nation as a whole could eventually see?
Although new apartment completions are finally starting to slow down, Houston continues to rank as one of the nation’s top producers of new apartment units. It was the West Inner Loop locale that brought online the bulk (2,176 units or 53 percent) of Houston’s new inventory in 2010 through September. Click the image below to open [...]
Apartment markets all across the country are posting apartment demand volumes during 2010 that way exceed the levels that reported job growth would normally trigger. Houston is no exception to that pattern.
The recovery of the nation’s apartment market continued at full steam in the 3rd quarter of 2010, according to preliminary data from MPF Research.
Texas is the place that continues to build apartments even as the rest of the country slammed the brakes due to the recession.