More American renters than ever spend over a third of their income on rent and utilities. Bruce McClenny of ApartmentData.com says Houston has had some interesting events that have caused rent rates to rise. “[Hurricane] Harvey had a big impact on rental. It spiked up when people need places to live while they were out of their houses due to flooding.”
KPRC (February 19, 2020) - Read The Full Article
As of November 2019, Frisco was the hottest submarket in North Texas for apartment complexes under construction, according to ApartmentData.com. As of this month, there are nine apartment complexes currently under construction, totaling 2,660 units.
Dallas Business Journal (February 14, 2020) - Read The Full Article
In recent years, Houston’s multifamily market has often operated out of step with the rest of the country. Hurricane Harvey and the oil downturn created volatility that was largely unique to Houston, said ApartmentData.com President Bruce McClenny.
Houston Business Journal (February 3, 2020) - Read The Full Article
“Katy/Cinco Ranch/Waterside has always been a submarket that has been attractive to apartment development as well as single-family development,” Bruce McClenny, president of Houston-based ApartmentData.com, said.
Houston Public Media (February 3, 2020) - Read The Full Article
“From an apartment owner standpoint, you want to pull in a good quality resident. Those people have good, stable jobs, so it’s a win for both sides,” Bruce McClenny, president of Houston-based ApartmentData.com.
Houston Chronicle (January 29, 2020) - Read The Full Article
Despite apartment absorption falling short of December 2018 and 2017, 2019 ended on solid footing for the local market, which saw a slight rise in occupancy and rents along with positive absorption overall, according to ApartmentData.com.
Dallas Business Journal (January 13, 2020) - Read The Full Article
But ApartmentData.com projects that Houston rents will rise as much as 4 percent in 2020, above the area’s 20-year average annual increase of 3.2 percent. It said rent increases for older, more affordable apartment buildings will likely account for the lion’s share of that growth.
Houston Chronicle (January 8, 2020) - Read The Full Article
The project will add to the 2,702 residential units under construction in the Montrose/Museum/Midtown/Central Houston submarket, according to ApartmentData.com. Rental rates in the submarket are up 4.7 percent since last December, while occupancy has dropped by 1.7 percentage points to 87.6 percent as new buildings have come online, mostly in Midtown.
Houston Chronicle (December 23, 2019) - Read The Full Article
Average rental rates are higher in the Lake Houston/Kingwood submarket as more apartments are developed, Apartment Data Services President Bruce McClenny said.
Houston Community Impact (December 17, 2019) - Read The Full Article
With recent and projected construction efforts, developers were betting on continued job growth and strong wages, Apartment Data Services President Bruce McClenny said.
Houston Community Impact (December 17, 2019) - Read The Full Article
According to ApartmentData.com, a company that provides market information on apartments, there are a total of 48 apartment complexes in the north Conroe and Montgomery area, which includes Willis, the city of Conroe and the area north of Magnolia.
Houston Community Impact (December 17, 2019) - Read The Full Article
Right now, there are 90 apartment communities being building throughout Dallas-Fort Worth, according to the latest ApartmentData.com report.
Dallas Business Journal (November 14, 2019) - Read The Full Article
The DFW apartment stable occupancy rate remains strong at 93.6%. Once the new units are absorbed, rental rate growth is expected to resume, given the area’s projected 2.9% job growth, according to ApartmentData.com.
Globe Street (November 6, 2019) - Read The Full Article
Houston is more affordable and is trailing the rent growth of other markets in a fairly significant way, according to Bruce McClenny of ApartmentData.
Houston Chronicle (November 4, 2019) - Read The Full Article
The complex adds to the nearly 6,000 apartment units already under construction in the downtown, Midtown, Montrose, Heights/Washington Avenue submarkets, according to ApartmentData.com.
Houston Chronicle (October 15, 2019) - Read The Full Article
Rental rates in the Triangle saw a 6.5 percent growth rate over the past 12 months, according to the latest report by ApartmentData.com, bringing average rates to $1,165 per month and $1.20 per square foot.
Triangle Business Journal (October 8, 2019) - Read The Full Article
The increase would be well above the area’s 20-year average annual increase of 3.2 percent, according to a report from multifamily consulting and research firm ApartmentData.com.
Houston Chronicle (October 2, 2019) - Read The Full Article
ApartmentData.com also looked at rental rate growth and absorption in 21 Charlotte-area submarkets during the past three months to determine those segments of the market that are “hottest”.
Charlotte Business Journal (September 17, 2019) - Read The Full Article
Three separate national trackers of rental prices show local rents this month are higher — in varying degrees — when compared to a year ago.
Charlotte Business Journal (September 14, 2019) - Read The Full Article
Despite protests from some North Texans against plans to approve additional multifamily construction in suburban communities, data … Read More
Dallas Business Journal (September 8, 2019) - Read The Full Article
