Friday, November 17, 2017

ALN Monthly Market Stats November 2017 via ALN Apartment Data

ALN Data just released their October 2017 market stats on occupancy and rents for over 80 markets. In Texas, it includes DFW, Austin, Houston, San Antonio, Lubbock, Amarillo, Abilene, Corpus Christi and more. It is a must read from a great provider of apartment data. Check out their new website.

Read more...ALN Monthly Market Stats November 2017 via ALN Apartment Data

Thursday, November 16, 2017

Yardi: Multifamily Rent Growth Continues to Decelerate via Multifamily Executive

The average U.S. monthly rent fell by $4 in October, down to $1,358, according to the most recent Yardi Matrix Matrix Monthly survey of 121 markets. Rent growth fell to 2.3% year over year (YOY) during the same period, down 30 basis points (bps) from September.

This drop reflects a number of seasonal and cyclic factors. For one, rent growth tends to slow at the top of the fourth quarter, and the multifamily market is cooling down on the whole from its cycle high in 2016. And the national monthly rent is only $5 lower than its all-time high, in August, and is currently $30 higher than it was one year ago.

Read more...Yardi: Multifamily Rent Growth Continues to Decelerate | Multifamily Executive Magazine | Rent Trends, Rents, Economic Conditions, Supply and Demand, Research, Occupancy and Vacancy Rate, Economics, Local Markets, Rent Growth, Forecast, Rental Market, Markets, Oversupply, business intelligence, Yardi:



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Tuesday, November 14, 2017

Austin Economic Indicators Nov. 2017 via Dallas Fed

The Austin economy expanded at a robust pace in September. The Austin Business-Cycle Index grew above its long-term trend, buoyed by strong job growth and a further decline in the area unemployment rate. Trade data for 2016 show that Austin exports continued to rise even as they declined for the state overall.

Read more...Austin Economic Indicators - Dallasfed.org

Monday, November 13, 2017

Dodge Construction Outlook Predicts Multifamily Retreat, Single-Family Expansion via Multifamily Executive Magazine

In the recently released 2018 Dodge Construction Outlook, Dodge Data & Analytics predicts total U.S. construction starts will rise by 3% in dollar volume, to $765 billion, in 2018.

“The U.S. construction industry has moved into a mature stage of expansion,” says Robert Murray, chief economist for Dodge Data & Analytics. “After rising 11% to 13% per year from 2012 through 2015, total construction starts advanced a more subdued 5% in 2016. An important question entering 2017 was whether the construction industry had the potential for further expansion. Several project types, including multifamily housing and hotels, have pulled back from their 2016 levels, but the current year has seen continued growth by single-family housing, office buildings, and warehouses.”

Read more...Dodge Construction Outlook Predicts Multifamily Retreat, Single-Family Expansion | Multifamily Executive Magazine | Multifamily, Multifamily Trends, Multifamily Building, Multifamily Starts, Single Family, Housing Starts, Housing Data, Market Research, Market Intelligence, Forecast, Dodge Data & Analytics

Renting homes is overtaking the housing market. Here’s why via USAToday

Single-family rentals — either detached homes or townhomes — are developing faster than any other portion of the housing market. These rentals outpace both single-family home purchases and apartment-style living, according to the Urban Institute.

“Almost all the housing demand in recent years has been filled by rental units,” says Sara Strochak, a research assistant with the Urban Institute. She also states that single-family rentals have gone up 30% within the last three years.

Read more...Renting homes is overtaking the housing market. Here’s why

Thursday, November 9, 2017

Commercial Property Update: Apartment Markets Led the Way in the Third Quarter via Nareit

The apartment market led the way among commercial property markets in the third quarter, as robust demand pushed down the national vacancy rate and supported rent growth. Office, retail and industrial property markets each saw some easing of demand growth, leaving vacancy rates flat to up slightly. Rent growth has slowed from the rapid pace enjoyed in 2015 and 2016.

Read more...Commercial Property Update: Apartment Markets Led the Way in the Third Quarter | Nareit

Wednesday, November 8, 2017

Investment Sales Will End Year with a Drop in Volume Compared to 2016 via National Real Estate Investor

Investment sales got off to a slow start in 2017, setting the tone for what will likely be a slump in overall transaction volume by year-end, according to industry experts.

However, the slowdown in sales does not portend major trouble, as 2017 will still end with historically high deal volume. Rather, this year’s figures seem low compared to the banner years of 2015 and 2016, says Jim Costello, senior vice president at real estate research firm Real Capital Analytics (RCA). “It’s going to get hard to get back to the previous peak levels,” Costello says.

Read more...Investment Sales Will End Year with a Drop in Volume Compared to 2016

Dallas-area builders play catch-up with more apartment construction permits via Dallas News

Dallas-area apartment developers have kept up the building pace this year, adding new projects in recent months.

Dallas ranked second only to New York for total apartment building permits through the third quarter, according to a new report by Richardson-based RealPage.

Through September, developers in the Dallas area have received permits to start more than 20,000 apartments.

Read more...Dallas-area builders play catch-up with more apartment construction permits | Real Estate | Dallas News

Tuesday, November 7, 2017

NMHC/Kingsley Report: Renters Prefer the Basics in Amenities via Property Management Insider

Apartment operators shouldn’t assume that today’s preferred renter amenities are defined by the regions where they operate. The 2017 National Multifamily Housing Council/Kingsley Renter Preference Report unveiled in October suggests apartment residents around the country have some very distinct favorites that don’t necessarily jive with where they live.

The bi-annual report, which drew 272,000 responses from 1.1 million Gen Z to Boomer renters at mostly Class A and B properties, did confirm that technology and comfort are highly desirable. Getting a good cell phone signal in a climate-controlled apartment or community space is among the top must-have amenities.

Read more...NMHC/Kingsley Report: Renters Prefer the Basics in Amenities:



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GOP Tax Plan Carries Benefits for the CRE Industry via National Real Estate Investor

The new tax reform proposal unveiled by the House of Representatives appears to bode well for the commercial real estate sector.

The legislation, which still must work its way through Congress and could change, maintains many of the existing provisions that benefit the commercial real estate industry. For example, the bill continues to allow the deduction of interest expenses. While businesses currently can deduct interest expenses on commercial loans, the House bill seeks to cap this amount for some industries—except for commercial real estate, according to The New York Times.

Read more...GOP Tax Plan Carries Benefits for the CRE Industry | National Real Estate Investor