New from MPF Research: Student Housing Influences, Top Metros for Employment, Texas Performances
MPF Research provides actionable market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division.
Major Texas metros see rent performances diverge
Texas markets have generally followed similar performance patterns during this economic cycle. That has not been the case recently, however.
A disparity in the rent growth performances of Austin, Dallas, Fort Worth, Houston and San Antonio has widened since mid-2015. A new report examines factors influencing Texas’ largest metros, including variables like economic health and supply volumes.
Job growth, while healthy, slows across top metros in April
The nation added nearly 2.1 million jobs in the year-ending April 2017, growing the country’s employment base 1.4%, according to preliminary data from the Bureau of Labor Statistics.
On a metro level, Atlanta stole the top spot, while New York and Dallas trailed. Other shifts among the top 10 markets for job creation included the introduction of Orlando and Houston. Houston’s annual performance, its best since mid-2015, is interesting, given the weakened energy sector.
The percent-change leaderboard for job base growth also saw a shakeup of major players, with Dallas falling six slots to #7, and Las Vegas and Des Moines entering the list.
Enrollment retention shapes student housing performance
A university’s ability to grow and sustain enrollment greatly influences the success of nearby student housing properties.
In a new multifamily report, Sarah Simmons of Axiometrics, a RealPage company, analyzes data related to the top U.S. campuses, in an exploration of the relationship between student housing performance and qualitative measures like acceptance rates, retention rates and six-year graduation rates.
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