Wednesday, November 14, 2018

Dallas No. 1, While Other Texas Markets Strong in Real Estate Investment Potential via Realty News Report

With Dallas-Fort Worth ranked No. 1 in the nation, Houston is a real estate market on the rise and “has it all” as cited in the investment market rankings of Emerging Trends in Real Estate 2019 by PwC and the Urban Land Institute.

Read more...Dallas No. 1, While Other Texas Markets Strong in Real Estate Investment Potential via Realty News Report

ALN Monthly Market Stats November 2018 via ALN Apartment Data

ALN Data just released their October 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.

Read more...ALN Monthly Market Stats November 2018 via ALN Apartment Data

Friday, November 9, 2018

Dallas And Fort Worth Diverge On Rent Growth via Bisnow

Dallas and Fort Worth are acting surprisingly differently in apartment rent growth these days, with Fort Worth clocking a healthy 3.1% rent growth to Dallas’ sluggish 1.3% rent growth, according to third-quarter multifamily statistics from RealPage.

“It’s unusual for the performance patterns to be this far apart,” RealPage Chief Economist Greg Willett said. “The two metros normally move pretty closely together, and it really just reflects the large block of construction on the Dallas side.”

Read more...Dallas And Fort Worth Diverge On Rent Growth via Bisnow

Tuesday, November 6, 2018

Can you afford rising rents for Dallas apartments? via Dallas News

A single worker getting Texas' minimum wage of $7.25 an hour would gross $1,160 working four 40-hour weeks. That's $11 less than the average rent in the city of Dallas. Layer onto those stats news from a recent report showing that last year, almost 100 percent of the apartments built in Dallas-Fort Worth were high-end units, spurred in part by the increasing cost of labor and construction materials.

Occupancy rates are strong across all apartment segments in Dallas, even in the face of higher rents. That shows that the market has yet to hit "oversupply" territory. Class A properties have a lower occupancy rate because more are new builds seeking to fill up.

Read more...Can you afford rising rents for Dallas apartments? via Dallas News

Houston Economic Indicators via Dallas Fed

Houston economic conditions remain mostly positive, as does the overall outlook for the area. The business-cycle index continues to exhibit strong growth, and the Houston Leading Index is accelerating. Existing-home sales have cooled slightly, while the supply of lower-priced homes remains tight. Construction labor demand is very strong, driven by petroleum industries and residential building.

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

Austin Economic Indicators November 2018 via Dallas Fed

The Austin economy expanded at a strong pace in September. The Austin Business-Cycle Index accelerated and continued above its long-term trend. Employment growth was robust, and construction and mining activity continued to surge. Wages continued to climb, while permits for new-home construction dipped from very high levels.

Read more...Austin Economic Indicators November 2018 - Dallasfed.org