Houston apartment outlook not as rosy as oil price tumbles (Houston Chronicle)

Photo Courtesy of Houston Chronicle

Photo Courtesy of Houston Chronicle

By Erin Mulvaney

In the last two years, the multifamily market in Houston has been booming with sky-high occupancy rates and rents, hordes of new people moving to the city and thousands of brand-new apartment units under construction.

But the forecast for 2015 — in light of tumbling in oil prices –is far less rosy, a panel of industry leaders said at the annual Houston Apartment Association meeting Tuesday. Rent growth will drop off and job growth will shrink as construction crews bring even more units online.

Click Here to Continue Reading

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s