Monday, September 26, 2016

ALN Monthly Newsletter September 2016 via ALN Apartment Data

ALN Data just released their August 2016 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 Newsletter September 2016 via ALN Apartment Data

Friday, September 16, 2016

U.S. Households Make Long-Awaited Gains in Housing Recovery via WSJ

Middle-class families are starting to see their biggest housing challenges ease.

Housing affordability is finally improving after years during which the struggle to pay rent swelled to crisis levels for many poor and middle-class Americans, according to an analysis of American Community Survey data released Thursday.

Jed Kolko, chief economist at job-site Indeed and senior fellow at the Terner Center for Housing Innovation at the University of California, Berkeley, said just over 49% of renters were cost-burdened in 2015, meaning they spent more than 30% of their incomes in rent, compared with about 50% a year earlier—the lowest level since 2008.

Read more...U.S. Households Make Long-Awaited Gains in Housing Recovery - Real Time Economics - WSJ

MPF Research Wrap-Up: Top Submarkets for Apartment Construction via Property Management Insider

Our recent countdown of the nation’s 10 busiest submarkets for apartment construction reported by MPF Research comes to a close with this overview of some of the themes that seem to pop up over and over.

One recurrent theme: character. Most of these submarkets have a personality of some sort, or are trying to create one, rather than being examples of generic suburban sprawl.

Many are urban neighborhoods once largely abandoned after dark, but now reborn as intriguing and hip places to live, work and play. As young professionals have drifted back into these city centers, retail, restaurants and modern mass transportation options have followed, along with developers creating interesting mixed-use projects.

Read more...MPF Research Wrap-Up: Top Submarkets for Apartment Construction

Moderation Trends Impacting Apartment Market in August According to Recent Axiometrics Report via

Seasonal trends, along with the continued moderation of the apartment market, were reflected in the August 2016 performance picture, according to Axiometrics, the leader in apartment and student housing market research and analysis.

August annual effective rent growth of 2.9% was the first time the rate fell below 3% since February 2014. Rent growth still remains above the 1996-2015 average of 2.2%. Meanwhile, occupancy increased to 95.2% in August.

"Historically, rent growth has decreased and occupancy has increased in August," said Jay Denton, senior vice president of analytics for Axiometrics. "With school starting, more people are settled in their residences and fewer people move. The reduced demand has property owners and managers holding off on rent hikes."

Read more...Moderation Trends Impacting Apartment Market in August According to Recent Axiometrics Report |

Tuesday, September 13, 2016

The Shift Toward Renter Nation via Property Management Insider

A consistent sentiment among multifamily housing leasing professionals is to know your resident and understand that one size does not fit all. The industry has strived in recent years to appeal as much as possible to individual preferences, especially in lease processes, while keeping a keen eye on the trends that drive folks to rental housing.

Understanding what drives residents and prospects to apartments is no easy task. In a world driven by personal preference and instant gratification, providing the right housing options may seem like a Herculean task.

Read more...The Shift Toward Renter Nation

Houston Rental Property Market Trends 2016 via Appfolio

Texas has enjoyed strong rental growth for the past few years. Even so, as Axiometrics reported earlier in the year, the rate of rental growth has been much stronger in northern metro areas than in southern ones. Of the southern cities, Houston’s problem with occupancy rates and rental growth may result from overbuilding and an emphasis on building high-end units at the expense of more affordable housing. To understand what’s happening with the rental market in Houston, it might help to take a closer look at this issue.

Read more...Houston Rental Property Market Trends 2016

Dallas Beige Book 9/7/16 via Dallas Fed

Economic activity in the Eleventh District expanded slightly over the past six weeks. Manufacturing activity was flat to up, and demand for nonfinancial services increased. Overall retail sales declined slightly on net, although automobile sales remained strong. Real estate activity was flat to up in most markets. Loan demand remained soft. Demand for oilfield services remained depressed, but contacts expect conditions to improve through the end of the year and into 2017. Agricultural conditions were favorable, although crop prices remained low. Reports of employment changes were mixed and prices held steady. Outlooks were generally positive but cautious, with the upcoming presidential election driving some of the uncertainty. Several contacts said they believe the worst of the oil bust slump has passed, but that economic growth has not yet returned to normal levels.

Read more...Dallas Beige Book - Dallas Fed

Austin Economic Indicators September 2016 via Dallas Fed

The Austin economy grew moderately in July. The Austin Business-Cycle Index leveled off after 17 consecutive months of deceleration. Jobs grew well above the trend rate of 3 percent, and wage growth remains robust. The unemployment rate jumped by nearly half a percentage point but continues to be among the lowest of all Texas metros.

Read more...Austin Economic Indicators September 2016 via Dallas Fed

Friday, September 9, 2016

Millennials will be renting for a lot longer via CNBC

The U.S. housing market continues to move ahead, but a generation of homebuyers is being left behind.

That's the conclusion of an analysis of homeownership by John Burns, a real estate consultant and author who has crunched the numbers in a new report.

Homeownership rates have fallen across all age groups since the housing collapse in 2009, but the biggest drop has been among the millennial generation.

Read more...Millennials will be renting for a lot longer

Wednesday, September 7, 2016

2016 Could Signal a Cyclical Peak in Commercial Construction via

Commercial developers have been busy in 2016. Construction starts saw a hearty boost this year, fueled by multifamily, office and lodging sectors. But analysts expect rates of new construction to taper off through 2020.

Private non-residential construction increased 7.0 percent year-over-year, according to research and ratings firm Moody’s Investor Service. Cincinnati-based construction data firm ConstructConnect, formerly CMD Group, meanwhile tabulated year-over-year growth of 8.1 percent across all commercial property types.

Read more...2016 Could Signal a Cyclical Peak in Commercial Construction

Apartment renters aren't moving much via USA Today

Apartment dwellers are staying put in record numbers, a brand of loyalty that’s helping drive up rents.

The share of renters opting to renew their leases hit an all-time high of 53.8% through the first seven months of the year, up from 52.9% in 2015, according to new data from property management software provider RealPage.

Read more...Apartment renters aren't moving much