Texas has repeatedly been in the top handful of states for absorption and occupancy over the last decade. So far in 2017, the absorption numbers are still holding up. The Lone Star State ranked first in absorption from July 2015 to July 2016 with a net gain of 36,000 rented units. In addition, Texas markets rank second only behind California for rental absorption, with a net gain of over 41,000 rented units from this time last year.
Effective Rent
Despite these rankings, effective rent growth has tapered off significantly from the middle of the decade.
Read more...Texas Markets: Rent Growth Receding - ALN Apartment Data
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