Houston's Multifamily Market: A season of new beginningsHouston's Multifamily Market: A season of new beginningshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=159652017-03-03T06:00:00Z2017-03-04T00:00:00Z

​​​​HOUSTON – The Houston multihousing market is regaining its footing and primed for better days.

More than $4 billion of product traded hands in 2016, accounting for half of every investment dollar in the metro.​ ​

This year will show the market pipeline has passed its peak and is on the decline. Delivery volume in 2017 is expected to be 18 percent less than in 2016. 

Furthermore, nearly 88 percent of these completions are expected to deliver in first half 2017​​—giving the market the second half of the year to begin the path to equilibrium. 

One more thing worth noting about new supply: In many ways, the overall numbers are not crazy. 

From 2014 through 2017, population is on pace to grow by 615,085 people, highlighting an often overlooked trend: Record supply has been met with strong demand. 

A case in point is absorption in the Class A segment, which reached 14,579 units in 2016, only slightly below the previous completions.​​

Newmark Grubb Knight Frank
Houston-The Woodlands-Sugar Land
http://www.ngkf.com/home/about-our-firm/global-offices/us-offices/houston/research-publications.aspxSee the full report at {Source}

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