- University of Houston System Completes Purchase of 46 Acres for New Mall Ring-Road Campus in Katy [Houston Chronicle; previously on Swamplot]
- Transwestern: Medical Center, Montrose, Downtown Have Most Apartments Under Construction in Houston [HBJ]
- Houston Has Fifth-Largest Number of Wealthy Apartment Renters Nationwide, Finds RENTCafé [HBJ]
- Houston the No. 1 ‘Sell’ Market in the U.S. for Industrial Investors, According to Tex-X LLC [HBJ]
- Affordable Housing Property Cleme Manor Apartments in the Fifth Ward To Get $41M Renovation [Houston Chronicle]
- Ruggles Green Close To Signing a Lease at Vintage Marketplace [HBJ; previously on Swamplot]
- Raising Cane’s Opening 23rd Houston-Area Location in Kingwood Tomorrow [Houston Chronicle]
- Austin’s Ramen Tatsu-Ya To Open First Houston Location in Montrose [HBJ]
- Houston Economist Bill Gilmer Predicts 2017 Will Be Slow But Still Better Than 2016 [Realty News Report]
- These Charts Show Poverty’s Startling Spread Across Houston [The Urban Edge]
- Texas Nationalist Movement Still Working with State Legislators To Draft Bill for Secession [Dallas News]
Photo of 8th Wonder: Russell Hancock via Swamplot Flickr Pool
The bulk of those apartment units are not in the Energy Corridor, and the biggest number is in the medical center. That should tell you something about the direction of Houston’s economy, regardless of whether or not there will be a temporary oversupply.
There are some interesting graphs of home sales/prices divided by neighborhoods in Bill Gilmer’s slides https://www.bauer.uh.edu/centers/irf/docs/IRF_Gilmer_Fall-2016-Symposium-Slide-Show.pdf
Ugh, rising interest rates in response to loaning money to a Trump campaign will not bode well for the housing market. I’ll be looking forward to some fresh 2017 price cuts.
.
Loving the rebound in the USD-JPY exchange rate this morning though.
Why isn’t Texas A&M raising hell about UH buying land in their area of influence? UH certainly got panties in a twist when UT invested in a piece of land inside the Loop.
Texas A&M is ubiquitous and nowhere in the state is free of its influence.