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This Submarket Is The New Queen Of Apartment Development In Houston

Job and population growth are the main drivers of the apartment demand in Katy, ApartmentData.com President Bruce McClenny said. Employment expansion is supported by an increasing number of healthcare, energy and service jobs in Katy. Rising home values, high household income and a top-rated school district also make the submarket appealing. “It fits into the bigger Houston narrative,” McClenny said. “People are moving here in greater quantities. Houston is turning the corner of the economic slowdown in the oil downturn and is getting through [Hurricane] Harvey. Katy has always been a leader in the area and is continuing to do so.”

Houston Business Journal (July 11, 2019) - Read The Full Article

Apartments, retail slated for city of Magnolia’s first mixed-use project

As the Magnolia area and Montgomery County grow, the demand for housing grows too, Thude-Speckman said.
Latest census data shows 63,175 people lived in Magnolia ZIP codes 77354 and 77355 in 2017—a 10.12% increase since 2013, according to the U.S. Census Bureau.

“We will see more home development in Magnolia in the next few years, even more so than we’ve already seen,” said Lawrence Dean, the Houston regional director for Metrostudy. “That’s where the development has to go as the growth comes west of The Woodlands and north of Tomball, because what’s right there? It’s Magnolia.”

Houston Community Impact (July 8, 2019) - Read The Full Article