Apartment Demand and New Lease Rent Growth on the Rebound via GlobeSt

The multifamily sector has been a growing disappointment. Not that it was expected to be otherwise. Interest rates up, consumers beset with higher prices and growing concerns over potential layoffs. Companies wondering how close a recession is. Transaction volumes have been down and rent growth slowed. Refinancing properties is tight and expensive.

But there’s some good news for owners and operators, says RealPage. Net apartment demand has recovered and is once again positive in the first quarter of 2023.

Read more...Apartment Demand and New Lease Rent Growth on the Rebound via GlobeSt

How Multifamily is Penciling Deals Amid an Uncertain Capital Market Environment via GlobeSt

The multifamily sector is thriving nationwide as demand for more apartments continues to grow. But it hasn’t escaped the impact of rising interest and cap rates on lenders and investors.

Lending and capital experts at GlobeSt’s Spring Multifamily Conference, shared their take on the impact of interest and cap rates, and their predictions for 2023.

Read more...How Multifamily is Penciling Deals Amid an Uncertain Capital Market Environment via GlobeSt

ALN Monthly Market Stats April 2023 via ALN Apartment Data

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

Dallas County is gaining population again following COVID declines via Dallas News

Dallas County is regaining some of the population it lost during the pandemic.

When the COVID-19 lockdowns started, residents of urban areas across the country sought refuge in less densely populated cities and suburbs, especially those who could work remotely.

Dallas County’s population dropped by about 25,000 residents in 2021 while surrounding suburban counties had some of the largest gains in the country.

Read more...Dallas County is gaining population again following COVID declines via Dallas Morning News

Houston Economic Indicators March 2023 via Dallas Fed

Houston employment rose 3.1 percent in January, and benchmark revisions shifted employment growth up for 2022. Leading indicators sent mixed signals in the new year: employment growth and home sales remained strong, while oil prices and rig counts fell. Exports were down from mid-summer peaks but were still strong. High wage growth and relatively stable unemployment pointed to a still-tight labor market.

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

Austin Economic Indicators March 2023 via Dallas Fed

In January, Austin’s employment grew, wages increased and the business-cycle index rose. In contrast, the unemployment rate ticked up, single-family housing permits declined and housing affordability fell.

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

DFW Economic Indicators March 2023 via Dallas Fed

The Dallas–Fort Worth economy continues to expand. Payroll employment grew strongly in January, and unemployment held steady. Multifamily permit issuance fell further in January but remained elevated. Apartment demand was weak, while rents were stable in February. Housing affordability declined in fourth quarter 2022, though home price appreciation slowed.

Read more...Dallas-Fort Worth Economic Indicators March 2023 via Dallas Fed

ALN Monthly Market Stats March 2023 via ALN Apartment Data

ALN Data just released their February 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 March 2023 via ALN Apartment Data

Beyond Population Shifts: Why Multifamily’s Outlook Is Good via GlobeSt

After historical performance, it’s tough to top yourself. Multifamily has faced that challenge, according to Marcus & Millichap’s 2023 Multifamily National Investment Forecast.

How do you beat the performance that multifamily established during the height of the pandemic?

Read more...Beyond Population Shifts: Why Multifamily’s Outlook Is Good via GlobeSt

ALN Monthly Market Stats February 2023 via ALN Apartment Data

ALN Data just released their January 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 February 2023 via ALN Apartment Data