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14 multifamily projects proposed, under construction or recently opened in Spring, Klein

“Really, over the last several years, Katy and the outlying areas of The Woodlands and Spring have been leading the city in suburban development in terms of apartments, and I think that has to do with the jobs available and [the] desirable schools that are located there,” ApartmentData.com President Bruce McClenny said in a June 19 interview. “I think development is just driven by where people want to live and raise their families.

Community Impact Houston (June 22, 2020) - Read The Full Article

Apartment analysts discuss project delays, rents and renewals amid COVID-19

“If they haven’t broken ground, I’d expect a much longer delay. It just depends on where they’re at. If they’ve been permitted and financed, those will go forward. For developers, once you get so far, you can’t go back. You have to ride it out, but it’s really on a property-by-property basis,” said Bruce McClenny, president of ApartmentData.com.

Dallas Business Journal (April 9, 2020) - Read The Full Article

Apartment market still going strong but experts fear what’s ahead

ApartmentData.com, which surveys multifamily properties in 12 southern markets, is seeing a similar trend.

“So far in April, with 35% of the properties having been surveyed already, we are beginning to see the decline in rental rates,” said Cindi Reed, director of business development at ApartmentData.com.

Austin Business Journal (April 9, 2020) - Read The Full Article