Key metrics for the Houston area multifamily sector recorded both positive and negative changes in December 2013.
Occupancy figures for the classes recorded both positive and negative changes over the month. Class A recorded a decrease of 0.26% to close at 94.01%. The largest monthly increase was noted for Class D properties (0.13%). For Class A properties the average went down by 0.38% over the year. The largest annual increase was noted for Class C properties with an average increase of 2.54% to close at 89.01%.
Read more...Houston Apartment Market Update December 2013