Apartment volume fell for the fourth straight month in May—dropping 27% year over year, to $8.4 billion, according to Real Capital Analytics.
All property segments are slowing down. “Transactions involving portfolios and entity-level deals led the decline in May, with volume down 51% year over year on sales of $1.1 billion,” RCA wrote. “Still, this segment of the market is not behind the overall downward trend of recent months. Single-asset deals were down an average of 20% year over year in each of the last three months.”
Read more...Apartment Volume Falls 27% in May | Multifamily Executive Magazine
Thursday, June 30, 2016
Robust Apartment Demand, Climbing Occupancy and Large Rent Growth Surged in Second Quarter via MultifamilyBiz.com
Demand for U.S. rental apartments surged during the second quarter of 2016, gaining momentum after a sluggish performance in the first three months of the year. The occupied apartment count across the nation’s 100 largest metros increased by 127,402 units in the second quarter, according to MPF Research, the rental market intelligence division of RealPage, Inc. This is one of the biggest quarterly demand totals posted throughout recent years, topping 2015’s second quarter demand volume by 23 percent. Furthermore, apartment demand from April to June well surpassed completions totaling 67,550 units.
Read more...Robust Apartment Demand, Climbing Occupancy and Large Rent Growth Surged in Second Quarter | MultifamilyBiz.com
Read more...Robust Apartment Demand, Climbing Occupancy and Large Rent Growth Surged in Second Quarter | MultifamilyBiz.com
D-FW apartment building booms with more than 50,000 units on the way via Dallas Morning News
North Texas apartment construction has exploded in the last few months, reaching almost unheard of levels.
More than 50,000 apartments are currently being built in the Dallas-Fort Worth area - a jump of almost 7,000 units in just the last three months, according to a new report by MPF Research.
More apartments are under construction in D-FW than anyplace else in the country.
Apartment building volumes in North Texas at midyear are about seven times what they were five years ago, according to MPF Research.
Read more...D-FW apartment building booms with more than 50,000 units on the way | Dallas Morning News
More than 50,000 apartments are currently being built in the Dallas-Fort Worth area - a jump of almost 7,000 units in just the last three months, according to a new report by MPF Research.
More apartments are under construction in D-FW than anyplace else in the country.
Apartment building volumes in North Texas at midyear are about seven times what they were five years ago, according to MPF Research.
Read more...D-FW apartment building booms with more than 50,000 units on the way | Dallas Morning News
Wednesday, June 29, 2016
Rent still soaring but should moderate soon via USA Today
Apartment rents are still surging but some relief is in sight.
Average U.S. rent rose 0.4% in May, matching the record high, according to consumer price index data released this month, the 67th consecutive month of increases.
Rent climbed about 5% in the first half of the year, well above the 3% historical average, says Greg Willett, chief economist at RealPage, a property management software provider. Renting an average market-priced apartment now costs $1,282 a month.
Read more...Rent still soaring but should moderate soon
Average U.S. rent rose 0.4% in May, matching the record high, according to consumer price index data released this month, the 67th consecutive month of increases.
Rent climbed about 5% in the first half of the year, well above the 3% historical average, says Greg Willett, chief economist at RealPage, a property management software provider. Renting an average market-priced apartment now costs $1,282 a month.
Read more...Rent still soaring but should moderate soon
Houston Economic Indicators June 2016 via Dallas Fed
Recent data suggest that Houston’s economy has continued to soften. Higher oil prices may have begun to provide some aid to the still-ailing mining industry, but it’s too soon to tell. Meanwhile, spillovers from the energy industry to service sectors continue to grow. Refining and petrochemicals, health and government continue to add jobs, but the overall outlook remains weak.
Read more...Houston Economic Indicators June 2016 via Dallas Fed
Read more...Houston Economic Indicators June 2016 via Dallas Fed
Tuesday, June 21, 2016
Risk of Overbuilding Inches Up for Class A MF via GlobeSt.com
As 2016 reaches the halfway mark, Fitch Ratings is maintaining its positive view on multifamily fundamentals overall. However, the ratings agency sees an increasing risk of class A overbuilding in some markets.
“The concentration of high-end construction in 12 metro areas is intensifying and new supply in the student housing sector continues to break records,” according to a Fitch report, issued in advance of a webcast Tuesday morning on the US residential sector. “However, we do not expect the stress in multifamily asset performance to have an overall impact on ratings.”
Read more...Risk of Overbuilding Inches Up for Class A MF | GlobeSt.com
“The concentration of high-end construction in 12 metro areas is intensifying and new supply in the student housing sector continues to break records,” according to a Fitch report, issued in advance of a webcast Tuesday morning on the US residential sector. “However, we do not expect the stress in multifamily asset performance to have an overall impact on ratings.”
Read more...Risk of Overbuilding Inches Up for Class A MF | GlobeSt.com
Investors Resist High Prices on Multifamily Assets via NREIonline.com
Investors are still eager to buy apartment properties, but they just aren’t as eager to pay quite so much for them.
“Deal volume is pulling back as buyers and sellers are simply moving further apart on pricing expectations,” says Jim Costello, senior vice president with New York City-based research firm Real Capital Analytics (RCA).
The volume of deals that closed in May to buy and sell apartment properties shrank, after a strong start to the year.
Read more...Investors Resist High Prices on Multifamily Assets
“Deal volume is pulling back as buyers and sellers are simply moving further apart on pricing expectations,” says Jim Costello, senior vice president with New York City-based research firm Real Capital Analytics (RCA).
The volume of deals that closed in May to buy and sell apartment properties shrank, after a strong start to the year.
Read more...Investors Resist High Prices on Multifamily Assets
Apt. Starts Continue Monthly Volatility via GlobeSt.com
he multifamily sector’s volatility in terms of construction starts continued in May, with the federal government on Friday reporting a 1.2% decline in new apartment construction for the month. That followed a jump of 11.9% in April.
Overall, new residential construction nationwide saw a decline of 0.3% from the previous month, with new starts reaching a seasonally adjusted annual pace of 1,164,000, a 9.5% increase from the year-ago period. For single-family housing, the figure was up 0.3% to an annualized 764,000, while starts in properties of five units or more reached 396,000, according to data from the Census Bureau and the Department of Housing and Urban Development.
Read more...Apt. Starts Continue Monthly Volatility | GlobeSt.com
Overall, new residential construction nationwide saw a decline of 0.3% from the previous month, with new starts reaching a seasonally adjusted annual pace of 1,164,000, a 9.5% increase from the year-ago period. For single-family housing, the figure was up 0.3% to an annualized 764,000, while starts in properties of five units or more reached 396,000, according to data from the Census Bureau and the Department of Housing and Urban Development.
Read more...Apt. Starts Continue Monthly Volatility | GlobeSt.com
Monday, June 20, 2016
Dallas Growth by Building Permits via Dallas Observer
North Texas is booming. Through April, the Dallas-Fort Worth metropolitan area had more housing starts this year than any other place in the country, according to U.S. Census data, a solid 12 percent above second-place Houston.
Most of the new units under construction (76 percent) are being built outside of the city of Dallas, and most of them (58 percent) are single-family, which is another way of saying that an ever-increasing share of the region's population is residing in sprawling subdivisions planted on virgin land in Celina or Little Elm.
Read more...Dallas Growth by Building Permits | Dallas Observer
Most of the new units under construction (76 percent) are being built outside of the city of Dallas, and most of them (58 percent) are single-family, which is another way of saying that an ever-increasing share of the region's population is residing in sprawling subdivisions planted on virgin land in Celina or Little Elm.
Read more...Dallas Growth by Building Permits | Dallas Observer
Texas Economy Faces Cross Currents via Dallas Fed
The Texas economy overall presents a befuddled picture. On the upside, employment growth bounced back in April after nearly halting in March but slowed again in May. Oil prices have increased, the rig count ticked up in early June and Texas exports rose strongly in the first quarter. The Texas Leading Index, which forecasts employment growth for the state, also saw broad-based improvement.
Read more...Texas Economy Faces Cross Currents - Dallas Fed
Read more...Texas Economy Faces Cross Currents - Dallas Fed
Subscribe to:
Posts (Atom)