The multifamily rental market is starting to reflect the introduction of fall, cooling off but still growing. According to the Yardi Matrix Monthly report, which is a monthly measurement of 120 U.S. markets, August marked the eighth consecutive month of record rent prices.
- Yardi reported national average rent prices increased 5 percent in August compared with the same month last year.
- In June 2016, year-over-year job growth was just 0.3 percent in the Houston metro.
- Houston rent growth is mostly concentrated in the high end of the market.