NAA and RealPage Release the 2017 Market Momentum Q2 Report via Property Management Insider

The hottest markets for investing, rent performance and resident retention have been announced in the National Apartment Association’s Market Momentum Report, produced in partnership with RealPage. The Market Momentum Report is a survey of industry decision-makers about business plans, expectations and trends in the apartment housing industry.

Read more...NAA and RealPage Release the 2017 Market Momentum Q2 Report

ALN Monthly Market Stats July 2017 via ALN Apartment Data

ALN Data just released their June 2017 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. Check out their new website.

Read more...ALN Monthly Market Stats July 2017 via ALN Apartment Data

Apt. Rent Growth Breaks Slowdown Streak via GlobeSt.com

After decelerating for more than a year, US multifamily rents stepped on the gas in June, according to Yardi Matrix’s latest monthly survey of 121 US metro areas. Rents nationwide were up by an average of $12 last month, marking the biggest monthly increase in several years and the first time since January 2016 in which the rate of year-over-year growth increased from the prior month.

Read more...Apt. Rent Growth Breaks Slowdown Streak | GlobeSt.com

Apartment Pricing Gains Take a Pause via GlobeSt.com

The key takeaway from Ten-X’s latest Commercial Real Estate Nowcast may be not so much “how the mighty have fallen,” but rather that the mighty fell in the first place. “The mighty,” in this case, is multifamily, which posted its first monthly pricing decline since late 2015, suggesting that although the sector has been the strongest and most consistent performer among property types, it’s not invulnerable.

Read more...Apartment Pricing Gains Take a Pause | GlobeSt.com

Dallas-Fort Worth Economic Indicators July 2017 - Dallas Fed

The Dallas–Fort Worth economy continued its expansion in June, albeit at a slower pace than in May. Job growth was nearly flat, and expansion in the Dallas and Fort Worth business-cycle indexes moderated. The unemployment rate held steady in Dallas but dipped in Fort Worth. Residential construction rose in May, in part driven by the expanding DFW economy.

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

Dallas-area apartment rent growth slowed in June via Dallas News

The run up in Dallas-area apartment rents may be easing.

During June Dallas-area rents were just 2.4 percent ahead of where they were a year ago, according to new numbers from Richardson-based apartment researcher Axiometrics.

That's the smallest annual increase in the Dallas area in seven years and the first time in recently that the rise in Dallas rents was less than the national average.

Rad more...Dallas-area apartment rent growth slowed in June | Real Estate | Dallas News

How Hot is the Multifamily Market? via GlobeSt.com

The US apartment market is recording new highs in apartment deliveries. More than 345,000 new apartments are scheduled to be completed this year in large-scale developments. In other words, more units are set for 2017 than in the last 20 years.

According to Yardi Matrix senior analyst Doug Ressler, all this new construction may work in the renters’ favor, at least in the near future.

Read more...How Hot is the Multifamily Market? | GlobeSt.com

Renter Households Reach 50-Year High via GlobeSt.com

The percentage as well as number of US households led by renters is at the highest level in more than 50 years, the Pew Research Center reported this week. The research organization’s analysis of Census Bureau housing data found that growth in the percentage of renters extends across a variety of demographic factors, including age, education level and ethnicity.

Read more...Renter Households Reach 50-Year High | GlobeSt.com

Texas Employment Forecast via Dallas Fed

Incorporating June employment growth of 3.6 percent and new leading index data into the Texas Employment Forecast suggests jobs will grow 2.8 percent this year (December/December), with an 80 percent confidence band of 2.0 to 3.6 percent.

The forecast increased from the Dallas Fed’s previous estimate of 2.6 percent. Based on the forecast, 336,000 jobs will be added in the state this year, and employment in December 2017 will be 12.4 million (Chart 1).

Read more...Texas Employment Forecast - Dallasfed.org

Texas Economy Adds 40,200 Jobs in June via Texas Workforce Commission

The Texas economy expanded in June for the 12th consecutive month with the addition of 40,200 seasonally adjusted nonfarm jobs. Texas’ seasonally adjusted unemployment rate fell to 4.6 percent, down from 4.8 percent in May. Texas’ annual employment growth outperformed the previous two years with 319,300 jobs added over the year, bringing the state’s annual growth rate up by 0.4 percentage points to 2.7 percent.

Read more...Texas Economy Adds 40,200 Jobs in June | Texas Workforce Commission