ALN Monthly Market Stats April 2022 via ALN Apartment Data

ALN Data just released their March 2022 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 April 2022 via ALN Apartment Data

Eleventh District Beige Book 4/20/22 via Dallas Fed

Expansion in the Eleventh District economy accelerated during the reporting period as the impact of the Omicron wave faded. Most notably, growth in nonfinancial services, particularly the leisure and hospitality sector, strengthened. Manufacturing output growth was solid, while retail sales dipped slightly. Loan demand increased strongly, and home sales remained solid despite a spike in mortgage rates. Activity in the energy sector expanded further in part due to the recent run-up in energy prices, while worsening drought hampered agricultural conditions. Employment rose robustly, and wage growth continued to be highly elevated due to labor market tightness. Supply-chain issues remained acute, driving up input and selling prices. Outlooks were mixed, and uncertainty climbed, with rising concern about the effects on future growth of escalating geopolitical tensions, climbing wages, rising interest rates, inflation, lingering supply-chain disruptions, and labor shortages.

Read more...Eleventh District Beige Book 4/20/22 via Dallas Fed

Multifamily Lending to Drop This Year Amid Rising Rates via GlobeSt

After seeing considerable growth in borrowing and lending in the commercial and multifamily sectors in 2021, the Mortgage Bankers Association tells the industry not to expect a repeat performance this year.

“Holding steady” is forecast for commercial mortgage borrowing and lending, with multifamily lending alone expected to decline 11 percent from last year’s estimated record of $470 billion.

Read more...Multifamily Lending to Drop This Year Amid Rising Rates via GlobeSt

Austin Economic Indicators April 2022 via Dallas Fed

Growth in the Austin economy strengthened in February. The Austin Business-Cycle Index expanded at a faster pace, while the unemployment rate remained unchanged. COVID-19 hospitalizations continued to decline through March, and hospitalizations fell to an eight-month low. February housing permits ticked up in the metro as the median home price reached a new high. Private sector average hourly earnings continued to trend upward.

Read more...Austin Economic Indicators April 2022 via Dallas Fed

Expect Another Big Summer for Multifamily via GlobeSt

Multifamily rents have increased significantly for new leases while concessions have tanked—and the sector is showing no signs of cooling off, according to a group of analysts from MRI Software.

“Two years after the onset of the COVID-19 pandemic, the multifamily market finds itself in a familiar position entering peak season: unemployment has returned to historical lows, housing demand continues to be strong, new supply continues to lag need and housing affordability is back in the headlines,” the report says.

Read more...Expect Another Big Summer for Multifamily via GlobeSt

Dallas-Fort Worth Economic Indicators April 2021 via Dallas Fed

Dallas–Fort Worth economic growth remained solid in February. Payroll employment grew at a rapid clip, and unemployment held steady for the third straight month. The Dallas and Fort Worth business-cycle indexes expanded further. Apartment leasing and construction continued to be active.

Read more...Dallas-Fort Worth Economic Indicators April 2021 via Dallas Fed

Houston Economic Indicators April 2022 via Dallas Fed

Data for the Houston region continue to imply strong economic momentum in 2022. Leading indicators, broad measures of output and area payrolls continue to register growth well above historical averages. Unemployment reflected recent improvements as the labor force grew. The value and tonnage of exports from the region hit an all-time high, and manufacturing activity at Houston’s largest export partners is showing steady growth. Altogether, the outlook for Houston is positive.

Read more... Houston Economic Indicators April 2022 via Dallas Fed

The Top Destinations For Renters Moving Across State Lines via GlobeSt

US renters are increasingly turning toward so-called feeder cities, with two cities in the Dallas-Fort Worth metro area leading the charge.

Irving and Lewisville were the top cities luring renters last year as a percentage of population, according to a recent analysis by Storage Café’s Francie Chantree.

Read more...The Top Destinations For Renters Moving Across State Lines via GlobeSt

Multifamily Demand Sets New Highs in Q1 via GlobeSt

In a world of growing uncertainty, there’s one thing that seems dependable, at least in commercial real estate: the need for housing keeps rising. First quarter data from RealPage shows historically unprecedented demand, occupancy, and rents in the multifamily market.

Read more...Multifamily Demand Sets New Highs in Q1 via GlobeSt