Friday, July 13, 2018

Some Key Apartment Markets See Essentially Flat Rents in Q2 via RealPage

U.S. apartment rent growth is moderating, and some of that slowdown is due to essentially flat rents in a handful of large metros.

Nationally, rents were up 2.5% annually as of mid-2018, the softest upturn since 2010. In five large markets, however, rent growth measured 1.0% or less, and 10 saw increases of 1.0% to 1.5%.

Read more...Some Key Apartment Markets See Essentially Flat Rents in Q2

Wednesday, July 11, 2018

Austin Economic Indicators 7/5/18 via Dallas Fed

Austin economic activity held steady in May. The Austin Business-Cycle Index continued to grow near trend. Job growth accelerated after softening in March and April, while the unemployment rate fell to its lowest rate since the beginning of the year. Recently released detailed job data for high-tech employment suggest that growth in both tech services and manufacturing was strong last year.

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

Tuesday, July 10, 2018

Texas is CNBC's Top State for Business in America this year via CNBC

Riding the rising tide of energy prices — and the job growth that goes with it — Texas lands the top spot in CNBC's 2018 America’s Top States for Business rankings.

This is familiar territory for the Lone Star State, which becomes the first four-time winner in our annual study, now in its 12th year. But it has been a long time coming. This is the first time since 2012 that Texas has claimed top honors. Not coincidentally, West Texas Intermediate Crude Oil — the state’s most important export — peaked at just over $108 per barrel that year, a figure it has not seen since. But it has risen enough — around 60 percent in the last year, powering through the $70-per-barrel mark in June — to turbocharge the $1.6 trillion Texas economy.

Read more...Texas is CNBC's Top State for Business in America this year

Friday, July 6, 2018

Rental Mismatch: Where do renters struggle to find the amenities they want? via Apartment List

At Apartment List, our goal is to help renters find homes that they love by making the apartment hunting process as smooth and enjoyable as possible. To do so, we take the time to ask renters important questions about their preferences. The answers power the product's tailored search experience and provide us with unique insights into which amenities renters are seeking in their next home.

In some cities, however, the types of amenities that renters desire may not match what is available in the marketplace.

Read more...Rental Mismatch: Where do renters struggle to find the amenities they want?

Apartment rents are actually falling in some DFW neighborhoods via Dallas News

Dallas-Fort Worth's net apartment leasing totaled 5,465 units in the second quarter.

That sounds like a lot, but it's not enough.

Developers completed almost 7,000 apartments in the last three months. And on an annual basis, apartment demand is lagging new supply by almost 10,000 units, according to the latest data from Richardson-based RealPage.

Read more...Apartment rents are actually falling in some D-FW neighborhoods

Average Dallas apartment costs rising at one of the slowest rates in U.S. via Dallas News

Two booming Texas cities are seeing some of the smallest apartment rent gains in the country.

Austin apartment rents were unchanged from a year ago and Dallas rents rose by less than 1 percent in a new nationwide rental market update from Richardson-based RealPage.

"Some of the country's biggest markets register largely flat rents, with prices up less than 1 percent from a year ago," RealPage analysts said in the just-released report. "Seattle and Dallas are among the metros where rent growth has slowed most dramatically during 2018."

Read more...Good news for renters: Average Dallas apartment costs rising at one of the slowest rates in U.S.

Tuesday, June 26, 2018

Dallas-area apartment building will outpace demand, new report warns via Dallas News

Dallas is on the list of cities where apartment builders may be overdoing it.

Apartment construction in the Dallas area will far outpace demand, according to a new report by Yardi Systems Inc.

The number of new apartments opening in the next two years in Dallas will be almost three times the projected demand, according to Yardi's new forecast.

Read more...Dallas-area apartment building will outpace demand, new report warns

ALN Monthly Market Stats June 2018 via ALN Apartment Data

ALN Data just released their May 2018 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 June 2018 via ALN Apartment Data

Friday, June 22, 2018

U.S. housing shifts gears with more owners, fewer renters via Dallas News

For the first time since the Great Recession, there are signs of a broad shift in America's housing market.

Homeownership rates are inching up, while the number of new rental households has declined slightly.

Read more...U.S. housing shifts gears with more owners, fewer renters via Dallas News

Tuesday, June 19, 2018

Do Multifamily Concessions Point To Softening? via GlobeSt.com

Developers are experiencing continued demand with upward rent pressure in cities with job growth, especially on the coasts and in the Sunbelt. More than 1 million new apartments have been built across the country since 2015, the most in 30 years. Multifamily construction starts continue to be unusually high, at 452,000 units, up 14% in March, the largest seasonally adjusted rate since October 2016, according to Census Bureau reports.

Texas has been one of the most prolific in creating new housing. Houston and Dallas can lay claim to being among the most dynamic: Those markets produced roughly twice as many apartments since 2015, with 60,964 and 57,000 respectively, according to the National Apartment Association.

Read more...Do Multifamily Concessions Point To Softening?