• Houston's multifamily market has continued to strengthen with 3.0% higher rent year-over-year and 150 basis points (bps) of higher occupancy
  • Houston has 11,312 units under construction, down from this time last year
  • Net absorption continues to outpace deliveries, continuing a trend that began with Houston's recovery from the global energy downturn and accelerated because of Hurricane Harvey
  • Future development pivots toward Katy / Cinco Ranch / Waterside with 3,659 units proposed