Record DFW apartment building hasn't stopped rent increases via Dallas Morning News

Dallas-Fort Worth apartment rents are inching higher, even though the percentage of empty rental units has risen a bit.

Average D-FW apartment rents rose 2.6 percent from a year ago in the first quarter to an all-time high of $1,131 a month.

Read more...Record DFW apartment building hasn't stopped rent increases via Dallas Morning News

Multifamily Report – February 2019 via Multi-Housing News Online

Multifamily rent growth has increased steadily since its lowest level of 2.2 percent in the fall of 2017. In February, rents increased by $2 to $1,426, with year-over-year growth steady at 3.6 percent. Compared to January’s 3.3 percent growth, rents rates gained 30 basis points.

Read more...National Multifamily Report – February 2019 via Multi-Housing News Online

Dallas-Fort Worth Economic Indicators March 2019 via Dallas Fed

Dallas–Fort Worth economic growth continued in February, with payroll employment expanding and unemployment staying low. Looking at the two-month period, employment performance has been healthy—above the metro’s long-run average. The Dallas Business-Cycle Index expanded, but the Fort Worth Business-Cycle Index fell for the second straight month. Home sales rose strongly and home inventories remained tight in February.

Read more...Dallas-Fort Worth Economic Indicators March 2019 - Dallasfed.org

ALN Monthly Market Stats March 2019 via ALN Apartment Data

ALN Data just released their February 2019 market 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 Market Stats March 2019 via ALN Apartment Data

Hot markets: Investors say LA and DFW will be the places to buy property in 2019 via Dallas Morning News

Dallas-Fort Worth is again near the top of a shopping list for commercial property investors — behind only Los Angeles in a new survey.

For the third year in a row, commercial real estate firm CBRE ranked D-FW second nationally in its survey of property investors.

Houston also made the top 10 list.

Read more...Hot markets: Investors say LA and D-FW will be the places to buy property in 2019 via Dallas Morning News

Dallas-Fort Worth Economic Indicators February 2019 via Dallas Fed

The Dallas–Fort Worth economy continued its expansion in January. Job growth was moderate, and the Dallas Business-Cycle Index rose. However, the Fort Worth Business-Cycle Index fell following robust growth in 2018. Revised data indicate that DFW employment grew 2.5 percent in 2018—above its long-term average rate. Home-price appreciation has decelerated, and housing affordability remains low in Dallas. Home inventories ticked up in January.

Read more...Dallas-Fort Worth Economic Indicators February 2019 - Dallasfed.org

Have Upscale DFW Multifamily Developments Worn Out Their Welcome? Not Yet, But Wall Street Is Watching Supply Closely via Bisnow

The Dallas-Fort Worth market continues to absorb luxury apartments with rents above the $1K/month price point, but the capital side of the industry is beginning to sound the alarm on the prospect of oversaturation.

The multifamily market remains solid and in demand, but Wall Street is definitely watching closely for signs of too much supply, Mag Mile Capital CEO Rushi Shah said.

Read more...Have Upscale DFW Multifamily Developments Worn Out Their Welcome? Not Yet, But Wall Street Is Watching Supply Closely via Bisnow

Austin Economic Indicators March 15, 2019 via Dallas Fed

The Austin economy saw mixed performance in January. The Austin Business-Cycle Index decelerated and remained below its long-term trend. Job growth by sector was mixed; the information and financial activities sectors posted strong growth, while government jobs continued to decline. Hourly wages increased, and residential construction permits contracted slightly.

Read more...Austin Economic Indicators March 15, 2019 via Dallas Fed

Study says Dallas home price spikes are turning buyers into renters via Dallas Morning News

Dallas is one of the U.S. metro areas where rising home prices have hurt homeownership the most.

Dallas, Denver and Houston were identified as the markets where there is the most downward pressure on homeownership, according to a new report by Florida Atlantic University and Florida International University faculty.

The study ranked areas where the markets have tilted in favor of renting over buying homes. Researchers traced housing conditions in 23 markets for the report.

Read more...Study says Dallas home price spikes are turning buyers into renters via Dallas Morning News

Get ready to pay more rent, even as home prices cool off via CNBC

Home prices may be cooling off right now, but rents are heating up yet again.

After taking a breather in 2018, due to new supply on the market, rents for both single-family homes and multifamily apartments are now rising at the fastest pace in nearly a year, according to Zillow.

Read more... Get ready to pay more rent, even as home prices cool off via CNBC

DFW second only to New York in January job growth via Dallas Morning News

Dallas-Fort Worth added 100,100 jobs year-over-year in January, making it the second-largest driver of job growth in the U.S. behind New York, which added 141,000 jobs.

D-FW's January unemployment rate was 3.9 percent, down slightly from the year before, when it was at 4.1 percent.

Read more...D-FW second only to New York in January job growth via Dallas Morning News

Where Are Cap Rates Going in the Four Core Property Sectors? via NREI

With late 2018 jitters gone and investor optimism returning, the commercial real estate market should experience mostly steady cap rates through the first half of 2019, although there are particular market segments and geographies that could experience some bumps.

“On the interest rate side, I think everybody has dismissed, at least for the time being, the inflation threat so that kind of stress on pushing cap rates higher isn’t there right now,” says Manus Clancy, senior managing director of applied data, research and pricing with Trepp. “We went through a tough period in December when people were jittery. Now everybody has taken a deep breath; they don’t feel like the wheels are falling off either the U.S. or the global economy.”

Read more...Where Are Cap Rates Going in the Four Core Property Sectors? via NREI

Charting the Growth of Renters Over the Age of 60 via NREI

Recent research from RentCafe illustrates that with the average age of Americans creeping upward, the share of renters aged 60 or older has risen dramatically in the past decade in many cities.

According to RentCafe:

Our top 30 oldest cities all have a median age over 39.6 and are mostly retirement cities in Florida, California, or Arizona. In fact, Florida is home to 12 of the oldest cities, with Cape Coral, first in our top, boasting a median age of 47.9, followed by Hialeah, with 46.5. Sunny Scottsdale, AZ is third in our top, with a median age of 46, proving once more its high popularity among retirees in search of warm days and entertainment.

Read more...Charting the Growth of Renters Over the Age of 60 via NREI

Texas Economic Indicators 3/11/19 via Dallas Fed

Texas economic indicators improved in January. The state posted solid job growth that was broad based across metros but mixed among sectors. Growth in the business-cycle index continued to decelerate but remained above its long-term trend. The Texas Business Outlook Surveys’ headline indexes suggested continued output growth in January and February, and the surveys’ general business activity indexes and company outlook indexes improved in both months. However, exports dipped in December. Home inventories edged up in January, and existing-home sales dipped, suggesting some easing in the tight housing market.

Read more... Texas Economic Indicators 3/1/19 via dallasfed.org

How To Invest In Multifamily With A Recession Ahead via Forbes

While no one holds a crystal ball, it is no secret that real estate investors are playing in the ninth inning. With a recession on the horizon, what do you do? Do you choose to stop buying so that brokers forget about you? Or, even worse, do you stop buying so investors find other syndicators to invest with? It’s a lose-lose situation, right? Well, not quite. Apply these principals to your underwriting and market analysis to give yourself the best opportunity to buy at the top of the market and survive, or even thrive, during a downturn.

Read more...How To Invest In Multifamily With A Recession Ahead via Forbes

Texas Employment Forecast March 8, 2019 via Dallas Fed

Incorporating January job growth of 2.6 percent and a rebound in the leading index, the Texas Employment Forecast suggests jobs will grow 1.5 percent this year (December/December), with an 80 percent confidence band of 0.1 to 2.9 percent. Based on the forecast, 191,000 jobs will be added in the state this year, and employment in December 2019 will be 12.8 million.

Read more...Texas Employment Forecast March 8, 2019 via Dallas Fed

CRE Investors More Wary of Risk in 2019, But Prefer Secondary Markets Because of Higher Yields, CBRE Survey Finds via National Real Estate Investor

As investors consider their allocations plans for this year, commercial real estate’s stability of income stream is their top reason for investing in the property type, according to the Americas Investor Intentions Survey 2019 put together by real estate services firm CBRE.

Stability of income stream came out on top among the reasons its survey participants listed for continuing to invest in real estate (with 32 percent of respondents picking it,) followed by expectation of better capital value growth compared to other assets and higher yield compared to other assets (both at 20 percent).

Read more...CRE Investors More Wary of Risk in 2019, But Prefer Secondary Markets Because of Higher Yields, CBRE Survey Finds via National Real Estate Investor

Eleventh District Beige Book March 2019 via Dallas Fed

The Eleventh District economy expanded at a moderate pace. Activity in the manufacturing, housing, and nonfinancial services sectors improved. Loan volumes ticked up, and retail sales grew modestly. Abundant soil moisture boosted outlooks in the agricultural sector. Drilling activity declined. Employment expanded moderately, despite a tight labor market. Wage growth remained elevated, while price growth eased. Outlooks improved; however, some contacts reported weaker-than-expected output/revenue growth over the reporting period and mentioned factors such as tariffs, slower activity in the energy sector, increased uncertainty, weaker global economy, and labor constraints.

Read more...Eleventh District Beige Book March 2019 via Dallas Fed

Why Investors Should Stay in Buy Mode via GlobeSt

Economic sentiment is shifting, and while there is a debate over whether or not the end of the cycle is nigh, few real estate professionals are predicting a market boom in the next few years. According to the most recent sentiment report from Real Capital Markets, the majority of investors are predicting a flat market ahead—but despite the shift in sentiment, most are planning to remain in buy mode. The reason? Market fundamentals are strong, especially in multifamily and industrial asset classes.

Read more...Why Investors Should Stay in Buy Mode via GlobeSt