New from MPF Research: Post-Harvey Houston, Multifamily Lending, Phoenix Construction
MPF Research provides actionable apartment market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division.
Some 47,000 vacant apartments will help Houston cope with flooding aftermath
The extraordinary flooding that recently occurred in metro Houston displaced a huge block of the market’s population of about 6.5 million people. With lots of available units, the metro should be able to accommodate a major influx of renters more easily than just about anywhere else across the country.
Metro Houston’s apartment base as of mid-2017 sits at more than 660,000 units, with approximately 47,000 of them vacant. In a new report, MPF Research breaks down Houston’s apartment availability by submarket.
Multifamily Lending Brief: 2Q 2017
MPF Research regularly provides quick-reference reports on the multifamily lending environment, including details on loan volumes and lender market share.
In 2nd quarter 2017, multifamily loan volumes grew about 9% year-over-year. That figure is down from mid-2016’s peak of roughly 16%. Meanwhile, GSEs continue to lead the market share for total multifamily lending in 2nd quarter 2017, capturing nearly 45% of the market.
View the complete lending brief for industry insight on loan balances, delinquency rates and activity from Fannie Mae and Freddie Mac.
Is the Phoenix apartment market a candidate for overbuilding?
The Phoenix market has notched a strong couple of years, as occupancy has remained essentially full and rent growth levels have trended above national norms. But this is a spot where building can escalate quickly.
A new report analyzes Phoenix’s supply-demand trends, allocation of construction by submarket and economic factors, like employment growth.
For the latest multifamily market insights, visit MPF Research.