The State of Houston’s Rebound – How Smart-Growth is Helping the City Grow Up, Not Out

Houston, Texas is a city known for the opportunity it brings to both businesses and residents in affordability, landmass and employment opportunities that attract populations from across the state, nation and globe.

Much like the build out methods taken historically in the leading Texas city of Dallas, Houston has been adding on and building out its infrastructure more widespread each year. This continuous expansion to the city and its surrounding suburb communities has created a cycle of high inventories in low-cost commercial and residential properties that is working to disperse populations and consume resources at a large scale.

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The San Antonio Rental Market Hits a High During its End of Summer Push

Thanks to growing interest from Americans and the nation’s largest ever demographic of millennials, industry changes are taking place throughout San Antonio, Texas.

Key to the build out of the area, the city’s housing market has undergone considerable new development- especially during the recent summer months of 2018. Focusing on introducing more urban city living options, new apartment communities have been popping up across the metro. Tailored to both singles and family renters, an infrastructure that attracts residents to both city and key suburban areas are being established and proposed each month. Local property developers are introducing these new projects and expanding on those existing ones to establish more footing in this growing market opportunity.

Just in the last 12 months, 25 new apartment communities have been completed, introducing over 5,000 new units for the area’s growing pool of renters. These new additions to the renter market are not going without demand despite a spike in supply. Monthly report findings from Apartmentdata.com highlights an increase in the average rent per unit and occupancy rates that are continuing to be maintained, throughout recent summer months.

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Texas Attracts More Residents with its Growing Adult Communities

Texas is a state that has been attracting new residents from different demographics and parts of the world for the past decade. With the attractive properties of the state’s top metros appealing to a wide variety of populations, it is a region growing rapidly each year as today’s generations enter new milestones.

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Between the newly growing homeowners and renters pool made up of the millennial generation entering adulthood, much of the focus on the Texasgrowth has been on this age bracket of 20-35. However, the interest of today’s second largest generation of baby boomers are also putting down roots in the state on a considerable scale.

According to a recent report by WalletHub on the Top Cities to Retire nationwide, there are more people moving to Texas than most other states when retiring. Included in the list’s top 100 cities were well known areas like San Antonio, Austin, El Paso, Dallas and Houston among other up and coming locations like Plano, Grand Prairie, Laredoand Amarillo.

This newly stimulated interest has been gaining steady popularity as the state continues to offer the best in affordable opportunities for both businesses and residents. Combined with the generational shift of millennials entering the workforce and housing market in parallel with older generations retiring and downsizing, much of the nation’s relocated populations are concentrating into Texas.

This shift has opened up new avenues for many industries as with the increase of residents and commercial operations has created a demand for more supply. One area that has adapted to this continuous growth cycle is the housing industry. With the inability to build single family housing fast enough to keep up with the pool of new residents; more scalable housing solutions are breaking ground.

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