Texas Supreme Court halts most eviction proceedings in state
In the latest emergency order issued in the past week amid the growing coronavirus crisis, the Texas Supreme Court has blocked most eviction hearings and trials for one month across the state. No eviction proceedings will be allowed in justice of the peace courts until after April 19, though evictions for imminent threat of physical…
Read MoreNew Immigration Policy Could Impact Residential Construction Industry
The National Association of Homebuilders (NAHB) said the Trump Administration’s Public Charge rule could impede legal immigration and the residential construction industry, which is already facing a labor shortage. The law is set to go into effect on February 24. According to the NAHB, the rule was previously on hold after several courts delayed its…
Read MoreWith more young renters than buyers, apartment boom continues
With more younger Americans renting than buying homes, apartment builders expect their current construction wave to continue. Last year, builders started more than 381,000 multifamily homes across the country. And construction of apartments is expected to increase in 2020 and 2021, according to the National Association of Home Builders. “2019 may have been best year…
Read MoreAiming at Wealthy Renters, Developers Build More Luxury Apartments Than They Have in Decades
In some of the largest metropolitan areas, including Los Angeles, the number of new rentals in 2020 will more than double last year’s figures for new supply. Photo: frederic j. brown/Agence France-Presse/Getty Images By Will Parker Will Parker The Wall Street Journal Biography @_willparker_ will.parker@wsj.com Jan. 15, 2020 5:30 am ET Builders are on track…
Read MoreA Tale Of Land Development In Two Texas Cities
From Texas Standard: Texas cities often make it onto those “Best Places to Live” lists. But with that popularity comes population growth, and no two cities handle it the same way. That’s especially true when it comes to Austin and Houston. Mike Morris is a city hall reporter for the Houston Chronicle, and Audrey McGlinchy…
Read MoreStudy finds it's cheaper to rent than to buy in Houston
Mynd Property Management manages single-family rental properties such as this house in the Cypress area northwest of Houston on behalf of investors. NEXT: The most extravagant and luxurious apartment rentals in Houston less Mynd Property Management manages single-family rental properties such as this house in the Cypress area northwest of Houston on behalf of investors….
Read MoreRents for affordable Houston apartments set to rise
Houston rents will begin rising more quickly in 2020, especially for affordable housing stock, according to a forecast from multifamily consulting and research firm ApartmentData.com. The rent growth would follow years of post-Harvey market corrections. Rents spiked after Hurricane Harvey displaced many Houstonians, with the rate of increase slowing as families moved back into their…
Read MoreHow Whole Communities Benefit From Affordable Housing
photo: Getty In the pantheon of misconceptions about affordable housing (and there are many — that it attracts less desirable residents, is inherently built of lesser quality and will drag down a neighborhood), there is the myth that a community with affordable housing couldn’t possibly be good for business. I am here to tell you…
Read MoreDevelopment in Austin Keeps Going Onward and Upward (and Upward)
Featured Illustration: Google will completely occupy the Block 185 tower, one of several skyscrapers changing Austin’s skyline. Image: Pelli Clarke Pelli Architects Posted: 1-3-20 By Edmond Ortiz Austin (Travis County)–The capital of the Lone Star State is in the middle of a construction boom. Austin is No. 2 in the United States for overall office…
Read MoreEconomic Indicators for South Texas Show Steady Growth for 2020
Feature Photo (above): View of the new harbor bridge under construction in Corpus Christi (Spring 2019), as seen from North Beach looking south. Image: Google Streets. Posted: 1-2-2020 by Adolfo Pesquera South Texas can expect steady growth in its largest markets–Greater San Antonio and the Lower Rio Grande Valley–but there are a few problem areas…
Read MoreD-FW apartment leasing slowed to a crawl in fourth quarter
North Texas apartment renters took a holiday during the final months of 2019. Net leasing slowed to a crawl, with only 168 additional apartment units occupied during the fourth quarter. That’s a plunge in rental activity from the more than 16,500 Dallas-Fort Worth apartments leased during the second and third quarters, according to RealPage. Apartment…
Read MoreYes, in My Backyard: The Key to Affordable Housing Is More Housing
Across the United States, we hear we’re facing an affordable housing crisis. Little children, like three-year-old Ethan Wood, are living in tent cities with their parents, some of whom are seeking a fresh start after extensive battles with drug abuse. Then there are others, such as Emilee Broll, who has a full-time job with the…
Read MoreHere's where rent prices surged – and where they didn't – in 2019
As 2019 saw historically low vacancy rates among multifamily housing, it also led to a rising cost of rent, too. According to realtor.com, a report from Abodo said rental prices went up in 38 states, including Washington, D.C., in 2019. In the other 12 states, the cost of rent actually fell, but only slightly. Nationally,…
Read MoreTake this quick quiz and see how much you know about the new Texas property tax law
The most significant state law passed last year is now going into effect. Test your knowledge about the new Texas property tax law here. If you follow The Watchdog, you should score high. Answers at the bottom. 1. The new property tax bill will lower your 2020 tax bill by: a) $1,500 on average, b)…
Read MoreDallas Builds More Apartments Than Any Other U.S. Metro
An industry study says Dallas is at the top of the list of 20 U.S. cities that have built the most apartments over the past ten years. RENTCafe, a website for apartment hunters, says the renter population grew at twice the rate of the homeowner population during that period. Dallas has built 149,000 units in the past…
Read MoreHere's what renters want more of in 2020
Multifamily housing has seen a lot of change and adaptation this decade. The 2020 Apartment Resident Preferences Report released by the National Multifamily Housing Council and Kingsley Associates collected input from renters all across the U.S. The report found many differences in the way we live now. From smart home technology to pet amenities and…
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