COLLEGE STATION – The outlook for Texas' apartment sector for the rest of 2019 is positive, according to the Real Estate Center's newly released Texas Quarterly Apartment Report.
Overall market trends for the majority of Texas areas (metropolitan and micro) show positive occupancy rate growth combined with positive rent growth. Only Bryan-College Station and Lufkin registered negative rent growth.
With the supply of single-family starter homes being constrained, young adults continue to rent units in the apartment sector. The outlook for the rest of 2019 appears to be positive for the major Texas metros due to the strength of the U.S. and Texas economies.
Interest rates should continue to remain low as inflation pressure remains subdued combined with low future growth expectations. A declining trade environment and a slowing world economy are the greatest headwinds to the Texas economy, challenging some of the state's most productive industries like oil and manufacturing.
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