|Yardi Matrix: Houston multifamily purchase prices||Yardi Matrix: Houston multifamily purchase prices||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=20374||2018-06-19T05:00:00Z||2018-06-19T23:00:00Z|
HOUSTON – The Bayou City’s residential market has been resilient, despite the natural disasters that have severely affected parts of the metro, according to Yardi Matrix’s “Spring 2018 Houston Multifamily Report.”
During the first months 2017, the city struggled with overbuilding and limited rent growth, but 4Q 2017 displayed stronger performance for the sector, as Hurricane Harvey pushed the multifamily market closer to an equilibrium
Here are some of the main findings from the report:
- Houston added 46,000 jobs in 2017, a 1.5 percent rate of employment growth year-over-year and only 20 basis points below the national rate.
- Rents in Houston rose 2.9 percent year-over-year through February, the first time in almost three years when rents increased at a higher rate than the national average—2.7 percent through the interval.
- Houston had approximately 14,300 units under construction as of February, almost a third of which were concentrated in West End/Downtown (4,499 units).
|Yardi Matrix||Houston-The Woodlands-Sugar Land||Multifamily|| https://assets.recenter.tamu.edu/Documents/MktResearch/Houston_Multifamily_YardiMatrix.pdf|
See Yardi Matrix’s “Spring 2018 Houston Multifamily Report under Houston-The Woodlands-Sugar Land Multifamily Market Research.