• 2018 net absorption of 7,758 units exceeded the 7,266 units delivered despite thousands of homeowners returning to now-fixed houses damaged by Harvey

 

  • As of Q4 2018, Houston's weak rent growth (+1.12% yoy) and occupancy rate (89.6% yoy) hide the reality that Houston has been on the mend, with organic demand stemming from 3.2% annual job growth

 

  • Current construction averages 1,800 units delivered per quarter, well off a 2016 peak of 5,700 units, but is expected to ramp up through 2019