Houston rent growth slowing with minimal job growth

Yardi Matrix monthly survey reports US year-over-year rental price gains of 5.6 percent
  • Yardi Matrix's monthly survey report of 119 markets found rents rose in price by double digits for the third straight month, and $10 for the month of June.
  • Year-over-year job growth for the six-trailing months in Houston was 0.5 percent in April 2016.
  • Lifestyle renter growth in Houston fell below 2 percent, while renter by necessity growth rate came in right below 6 percent.

U.S. apartment rents have increased for the third-straight month, according to Yardi Matrix’s monthly survey of 119 markets. June rent rates increased by exactly $10, or 0.9 percent, to another all-time high of $1,213.