Slowed Job Growth Challenges Austin Fundamentals via MPF Research

Austin has been a national leader for job creation throughout much of the current economic cycle. But while the metro has added an impressive number of high-paying jobs across sectors in recent years, growth has started to slow significantly. The question looms as to whether the deceleration is cause for concern, particularly since tech companies embedded in Austin’s scenery have recently announced layoffs. Operators have taken note of the current slowdown, with some noting particular apprehension about future pricing strategies. In the short run, an oncoming supply wave could prove to be the largest obstacle to apartment fundamentals, as performance metrics continue to tumble from recent peaks.

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