Class C Occupancy Rules in All but a Handful of Apartment Markets via RealPage

In the past 10 years, a heavy stream of high-priced new apartment supply and steadily rising rental rates in existing stock have led to vanishing vacancies at the bottom end of the product spectrum. While the more affordable Class C apartments rank as the tightest asset class on a national scale, however, a handful of local markets are defying this trend.

Read more...Class C Occupancy Rules in All but a Handful of Apartment Markets via RealPage

Economic Outlook Remains Healthy for Multifamily Industry via Multifamily Executive Magazine

While economic growth is starting to slow, fundamentals for the multifamily industry remain strong, according to John Sebree, first vice president and national director at Marcus & Millichap, and Ryan Severino, chief economist at JLL.

The two industry leaders were part of the annual Economic Outlook session at the Multifamily Executive Conference in early October in Las Vegas.

Read more...Economic Outlook Remains Healthy for Multifamily Industry via Multifamily Executive Magazine

Eleventh District Beige Book October 2019 via Dallas Fed

Moderate expansion continued in the Eleventh District economy. Growth continued in manufacturing and nonfinancial services and resumed in retail after flat sales in the previous period. Home sales increased and loan demand accelerated. Energy activity declined and agricultural conditions deteriorated due to hot and dry weather. Employment growth was solid while wage pressures continued. Selling prices were largely flat, as firms' ability to pass through cost increases remained limited. Outlooks improved in manufacturing and nonfinancial services, were unchanged in retail and financial services, and softened in energy. Uncertainty generally remained elevated, driven by trade tensions, the political climate, recession concerns, and weaker global growth.

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

ALN Monthly Market Stats October 2019 via ALN Apartment Data

ALN Data just released their September 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 October 2019 via ALN Apartment Data

Houston Economic Indicators October 2019 via Dallas Fed

The Houston economy continued to hum along in August, but there are signs of slowing ahead. Jobs continue to grow at a healthy pace, and unemployment remains low. Construction job growth continues at a fast clip, driven in part by ongoing demand from the energy industry. However, drilling activity is slowing, and the support activities sector shed jobs in recent months. Weekly retail fuel prices remain low in the region despite an uptick due to the attack on Saudi Arabian oil infrastructure.

Read more... Houston Economic Indicators October 2019 via dallasfed.org

DFW Economic Indicators September 2019 via Dallas Fed

Dallas–Fort Worth’s economic expansion remains on track. Payroll employment rose slightly faster than its long-term average rate in August, and unemployment stayed low. The Dallas and Fort Worth business-cycle indexes expanded further. Home sales rose and inventories remained tight, particularly at the lower price points. Home prices continued to appreciate at a moderate pace.

Read more...Dallas-Fort Worth Economic Indicators September 2019 via Dallas Fed

Austin Economic Indicators October 2019 via Dallas Fed

The Austin economy posted a strong performance in August. The Austin Business-Cycle Index expanded at a solid pace, and most job sectors experienced payroll gains, although health and private education services continued to decline. Hourly wages climbed in August. Housing construction permits continued to increase, and home sales grew.

Read more...Austin Economic Indicators October 2019 via Dallas Fed