If Houston’s employment growth pace over the near term slows to somewhere near half the level recorded of late, underlying support for housing demand, including apartment absorption, should erode. Substantial completion volumes that lie just ahead also are of concern in this metro’s outlook.
What’s the Current Performance?
In part one and two, we discussed some of the changes to Houston’s energy sector. Important to realize, Houston’s apartment market is entering this period of vulnerability when conditions are unusually strong. There’s room to lose some of its momentum and still log very solid results.
Read more...Houston Is 2015’s Wild Card Apartment Market – Part Three | Property Management Insider