Modest growth continued in the Eleventh District economy overall. Growth accelerated in manufacturing but abated in the service sector. Retail sales and home sales fell further, while oil and gas activity expanded. Rising interest rates prompted further deterioration in loan demand. Local nonprofits cited higher demand for assistance amid rising household costs. Rainfall improved agricultural conditions. Employment growth remained moderate overall and wage growth stayed elevated. Prices climbed further although firms expect pressures to moderate somewhat next year but remain elevated. Outlooks were mostly pessimistic except for the energy sector, and many contacts voiced concern about weakened demand, a potential recession, and inflation.
Read more...Eleventh District Beige Book January 2023 via Dallas Fed
Friday, January 20, 2023
Friday, January 13, 2023
How Far Will Apartment Rents Fall This Year? via GlobeSt
With apartment rents clearly decelerating now, the market is waiting to see where the bottom could be.
Greg Willett, First Vice President, National Director IPA Research, tells GlobeSt.com that his base case scenario calls for overall apartment rent growth of 3.1 percent during 2023.
Read more...How Far Will Apartment Rents Fall This Year? via GlobeSt
Greg Willett, First Vice President, National Director IPA Research, tells GlobeSt.com that his base case scenario calls for overall apartment rent growth of 3.1 percent during 2023.
Read more...How Far Will Apartment Rents Fall This Year? via GlobeSt
Thursday, January 12, 2023
ALN Monthly Market Stats January 2023 via ALN Apartment Data
ALN Data just released their December 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 January 2023 via ALN Apartment Data
Monday, January 9, 2023
New Apartment Demand 'All But Evaporated' via GlobeSt
Demand for new apartment leases has “all but evaporated” as consumer confidence remains low and inflation continues to rise, according to the latest data from RealPage.
In other words, say farewell to the days of record-high household formations.
Read more...New Apartment Demand 'All But Evaporated' via GlobeSt
In other words, say farewell to the days of record-high household formations.
Read more...New Apartment Demand 'All But Evaporated' via GlobeSt
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