Houston’s apartment market was surprisingly slow to generate momentum following the recession. But in mid-2011, Houston’s economy entered into a boom period and the apartment market quickly responded.
Massive numbers of new jobs generated very healthy housing demand, pumping up apartment occupancy rates and rent growth levels in areas with high employment concentrations.
The result for the metro overall has been stabilized occupancy above pre-recession highs and consistently strong rent change performances.
Read more...MPF: Houston multifamily trends 1Q 2015 via Real Estate Center at Texas A&M