Friday, October 18, 2019

Class C Occupancy Rules in All but a Handful of Apartment Markets via RealPage

In the past 10 years, a heavy stream of high-priced new apartment supply and steadily rising rental rates in existing stock have led to vanishing vacancies at the bottom end of the product spectrum. While the more affordable Class C apartments rank as the tightest asset class on a national scale, however, a handful of local markets are defying this trend.

Read more...Class C Occupancy Rules in All but a Handful of Apartment Markets via RealPage

Economic Outlook Remains Healthy for Multifamily Industry via Multifamily Executive Magazine

While economic growth is starting to slow, fundamentals for the multifamily industry remain strong, according to John Sebree, first vice president and national director at Marcus & Millichap, and Ryan Severino, chief economist at JLL.

The two industry leaders were part of the annual Economic Outlook session at the Multifamily Executive Conference in early October in Las Vegas.

Read more...Economic Outlook Remains Healthy for Multifamily Industry via Multifamily Executive Magazine

Wednesday, October 16, 2019

Eleventh District Beige Book October 2019 via Dallas Fed

Moderate expansion continued in the Eleventh District economy. Growth continued in manufacturing and nonfinancial services and resumed in retail after flat sales in the previous period. Home sales increased and loan demand accelerated. Energy activity declined and agricultural conditions deteriorated due to hot and dry weather. Employment growth was solid while wage pressures continued. Selling prices were largely flat, as firms' ability to pass through cost increases remained limited. Outlooks improved in manufacturing and nonfinancial services, were unchanged in retail and financial services, and softened in energy. Uncertainty generally remained elevated, driven by trade tensions, the political climate, recession concerns, and weaker global growth.

Read more...Eleventh District Beige Book October 2019 via Dallas Fed

ALN Monthly Market Stats October 2019 via ALN Apartment Data

ALN Data just released their September 2019 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.

Read more...ALN Monthly Market Stats October 2019 via ALN Apartment Data

Friday, October 11, 2019

Houston Economic Indicators October 2019 via Dallas Fed

The Houston economy continued to hum along in August, but there are signs of slowing ahead. Jobs continue to grow at a healthy pace, and unemployment remains low. Construction job growth continues at a fast clip, driven in part by ongoing demand from the energy industry. However, drilling activity is slowing, and the support activities sector shed jobs in recent months. Weekly retail fuel prices remain low in the region despite an uptick due to the attack on Saudi Arabian oil infrastructure.

Read more... Houston Economic Indicators October 2019 via dallasfed.org

DFW Economic Indicators September 2019 via Dallas Fed

Dallas–Fort Worth’s economic expansion remains on track. Payroll employment rose slightly faster than its long-term average rate in August, and unemployment stayed low. The Dallas and Fort Worth business-cycle indexes expanded further. Home sales rose and inventories remained tight, particularly at the lower price points. Home prices continued to appreciate at a moderate pace.

Read more...Dallas-Fort Worth Economic Indicators September 2019 via Dallas Fed

Austin Economic Indicators October 2019 via Dallas Fed

The Austin economy posted a strong performance in August. The Austin Business-Cycle Index expanded at a solid pace, and most job sectors experienced payroll gains, although health and private education services continued to decline. Hourly wages climbed in August. Housing construction permits continued to increase, and home sales grew.

Read more...Austin Economic Indicators October 2019 via Dallas Fed

Thursday, September 26, 2019

Texas Economic Indicators September 2019 via Dallas Fed

The regional economy is growing at a moderate pace, and labor markets remain tight. Construction activity is rising, and the housing industry remains a bright spot, with higher sales and a pickup in prices. Against this robust backdrop, however, the outlook among Texas firms has deteriorated due to concern about tariffs, trade policy uncertainty and slowing global growth.

Read more... Texas Economic Indicators September 2019 via dallasfed.org

Tuesday, September 24, 2019

National Multifamily Report – August 2019 via Multi-Housing News Online

The rental market continues to be a positive performer, showcasing August rental growth of another $2 to $1,472. Despite the monthly increase, year-over-year growth declined to 3.3 percent, according to a Yardi Matrix survey of 127 markets. This, however, has not hindered market performance, as the long-term rent growth amount has been steady at more than 3 percent for the past 12 months and has surpassed the long-term average for the past two years.

Read more...National Multifamily Report – August 2019 via Multi-Housing News Online

Monday, September 23, 2019

ULI, PwC Emerging Trends Report Forecasts Continued Strength in CRE in 2020 via NREI

The commercial real estate market remains strong, despite talk of an approaching recession, according to an Emerging Trends in Real Estate 2020 report produced by the Urban Land Institute (ULI) and consulting firm PwC and released at this week’s ULI fall meeting.

“Real estate is in a very good space,” said Mitch Roschelle, partner and business development leader with PwC, at the event. “The real estate community caused two recessions: it caused it in housing, and it caused it in the savings and loan crisis. This go-around, whatever happens, it ain’t going to be [real estate’s] fault.”

Read more...ULI, PwC Emerging Trends Report Forecasts Continued Strength in CRE in 2020 via NREI