Rents are up, occupancy is on the rise and investment interest is back. Houston’s multifamily market has put the challenges of an energy sector downturn, the coronavirus pandemic and an apartment oversupply issue behind it, and experts say the future looks bright even with supply chain disruptions, rising costs and labor shortages casting a few shadows. Enthusiasm about the sector ran high at Bisnow’s The Future of Houston Multifamily event Oct. 7, with Morgan Group Chief Operating Officer Stan Levy declaring his national multifamily development, construction and property management firm had an unprecedented $1.8B in its development pipeline and Greystar Executive Director Stacy Hunt explaining why he was still in the game after joining the property management company nearly 40 years ago. “If business wasn’t so good, I’d retire,” Hunt said. “But it’s way too good to quit.” 
By most traditional measures, business is good for multifamily developers and owners. Houston might not be enjoying the skyrocketing rent renewal increases of some major cities, but panelists said increases are now approaching or even slightly exceeding double digits. That’s in line with  Read the full story here. | 
