Recently, McClenny spoke with Community Impact Newspaper about the state of multifamily housing in the Greater Houston area as well as about how the ongoing coronavirus pandemic has affected different aspects of the industry.
Community Impact Houston (June 22, 2020) - Read The Full Article
“You can go downtown and you’ll still see two to three months free on individual properties,” said Bruce McClenny, President of ApartmentData.com.
FOX Houston (June 17, 2020) - Read The Full Article
According to tracking firm ApartmentData.com, Houston rents went down 1.2 percent in a generally busy time of year. That may not sound like a lot, but it’s the lowest point in a while.
KHOU 11 (June 12, 2020) - Read The Full Article
Apartment rents in the Austin area are down 2.7% at the end of May compared to the end of March, according to ApartmentData.com.
Austin Business Journal (June 12, 2020) - Read The Full Article
“The months of March-April-May and into July, those are the months where we see more demand. And so rents rise year after year, but this is a drastic change from that and understandably so,” said Bruce McClenny, president of ApartmentData.com, a firm that tracks the multifamily industry.
Community Impact Houston (June 10, 2020) - Read The Full Article
“The market is very responsive to changes in demand, and prices have reacted to that,” McClenny told Atlanta Business Chronicle.
Atlanta Business Journal (June 10, 2020) - Read The Full Article
“We would normally see bumps in April, May and possibly June, and it’s just not there,” Bruce McClenny, president of the apartment data firm, said. “We’re seeing this same situation in every market we cover.”
Houston Chronicle (May 31, 2020) - Read The Full Article
As of May 13, just 123 units had been absorbed in North Texas, putting net absorption is on track to fall nearly 90 percent year over year. according to ApartmentData.com.
Dallas Business Journal (May 31, 2020) - Read The Full Article
As of May 13, just 123 units had been absorbed in North Texas, according to the latest numbers from ApartmentData.com.
Dallas Business Journal (May 22, 2020) - Read The Full Article
“San Antonio is more steady than any other market we look at,” said ApartmentData.com President Bruce McClenny. “You don’t have many highs, many lows, and it doesn’t have gyrations of other Texas markets that tend to overbuild.”
San Antonio Business Journal (May 21, 2020) - Read The Full Article
Apartment rent dropped 1.2% from March to April in the Austin area, according to ApartmentData.com. Rents went from an average of $1,314 in March to $1,297 in April.
Austin Business Journal (May 8, 2020) - Read The Full Article
“I think it’s significant. The rent portion of this spoke to me right off the bat. It’s usually positive this time of year,” said Bruce McClenny, president of ApartmentData.com.
Dallas Business Journal (May 2, 2020) - Read The Full Article
Between March 31 and April 21 Austin rents decreased 1.1% overall, according to a market report compiled by ApartmentData.com.
Austonia (April 28, 2020) - Read The Full Article
“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
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
“All of this has happened in the month of March. It’s just a tsunami of economic consequences that are just unimaginable,” ApartmentData.com President Bruce McClenny said.
Business Journal (March 27, 2020) - Read The Full Article
Cindi Reed, southwest regional manager for ApartmentData.com, a marketing and data services company for the multifamily industry, said the Pflugerville/Tech Ridge submarket, along with Cedar Park, Leander and the East Riverside corridor, are among the areas seeing the most apartment construction.
Statesmen (March 5, 2020) - Read The Full Article
The company also analyzed concessions, or specials on rent. That analysis determined that the average discount from market or street rent in DFW is 5.3 percent, Bruce McClenny, president of ApartmentData.com.
Dallas Business Journal (March 5, 2020) - Read The Full Article
The next phase of the Residences at La Cantera being developed on the property by Cambridge Development and USAA Real Estate will be a senior-living community with 100 units, according to ApartmentData.com research.
San Antonio Business Journal (March 2, 2020) - Read The Full Article
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
