ALN Monthly Market Stats May 2023 via ALN Apartment Data

ALN Data just released their April 2023 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 May 2023 via ALN Apartment Data

Houston Economic Indicators May 2023 via Dallas Fed

Houston employment grew 3.6 percent over the first three months of 2023, led by services. In the energy sector, the rig count and mining-related jobs are down as the cost of fuel declines from its summer 2022 peak. Houston’s headline inflation was lower than the nation’s in February, in part due to sharp declines in energy prices.

Read more...Houston Economic Indicators May 2023 via Dallas Fed

Austin Economic Indicators May 2023 via Dallas Fed

In March, Austin’s economy experienced strong growth. Employment rebounded from the prior month’s decline, and the business-cycle index increased. Unemployment did not change as the labor force continued to expand. In the housing market, existing-home sales increased, but median prices continued to fall.

Read more...Austin Economic Indicators May 2023 via Dallas Fed

Multifamily Fundamentals Return to Historical Norms via GlobeSt

Nothing about the last business cycle has been normal. A global pandemic, a prolonged zero or near-zero federal funds rate and a decade of outsized rent growth nationwide have skewed multifamily investors’ perception of normal market dynamics. This year, it is officially time to take away the punchbowl. Markets are normalizing, with an expectation of higher long-term interest rates—the Fed increased rates again by 25 basis points at the March meeting—and steady growth metrics.

Read more...Multifamily Fundamentals Return to Historical Norms via GlobeSt