Nov 14, 2017
Austin multifamily submarket trends 3Q17
AUSTIN AREA – As job growth in Austin slows this year and the labor market tightens, the apartment market shows signs of stabilizing. Healthy in-migration trends and employment gains are producing strong...
AUSTIN AREA – As job growth in Austin slows this year and the labor market tightens, the apartment market shows signs of stabilizing.
Healthy in-migration trends and employment gains are producing strong demand for units and development will reach a new peak in 2017.
Housing needs are rising in the market as new households are formed at a stable pace, and net absorption reaches one of its highest levels in the last ten years as more than 10,200 units are filled.
The graphic reflects 3Q 2017 from the 4Q 2017 report.
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