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Houston only major U.S. market to lose renters in 2018

THE HOUSTON CHRONICLE (JANUARY 18, 2019) – Houston-area apartment occupancy spiked after Hurricane Harvey as thousands of displaced homeowners sought temporary rentals. That bounce came and went, new data show.

Houston was the only major U.S. market to lose renters in 2018, according to RealPage, a software and data analytics firm based in Richardson. The company ranked Houston last among major markets in several key apartment performance metrics.

Occupancy ended the year at 92.9 percent, down from about 94 percent a year earlier when Houston ranked no. 1 nationally for leasing. Rents were essentially flat.

Read more at: THE HOUSTON CHRONICLE.

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