Houston recorded a record number of home sales in May 2013. Yet that had no apparent effect on apartment demand, as Houston led the nation in apartment absorption in 2nd quarter 2013 – reflecting the strength of the local economy.
Houston is the nation’s leading job producer so it should come as no surprise that the metro is also leading the nation in apartment demand.
In recent months, we’ve seen a rebound in single-family home sales. So what does that mean for the apartment sector? Will we see less demand for apartments because so many people are buying new homes? In a market with strong job growth, a rising tide tends to boost all ships. And Houston is exhibit A.
Read more/Watch video...Houston Leads the Nation for Apartment Demand in Q2 | Property Management Insider
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.