Key metrics for the Houston area multifamily sector recorded both positive and negative changes in September 2013.
Occupancy figures mostly recorded negative changes for the classes over the month. Class A recorded a decrease of 0.21% to close at 94.88%. The largest monthly increase was noted for Class C properties (0.41%). For Class A properties the average went down by 0.15% over the year. The largest annual increase was also noted for Class C properties with an average increase of 3.05% to close at 88.94%.
Read more...Houston Apartment Market Update September 2013