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Continuing our Parcl Labs review into BTR supply across key US institutional markets. Next up: Houston. Houston BTR Market - New Single Family Construction Converted to Rental: 🔹 January 2020: 1.5% 🔹 January 2024: 11.6% 🔹 Overall increase: 10.1 percentage points 🔹 7.7x increase This 7.7x jump significantly outpaces the national trend. Looking at our Texas markets: Houston's 11.6% conversion rate sits between Dallas (9.4%) and Austin (15.8%). Want the data behind these charts? Sign up for our free API - link in comments For the full BTR research report this analysis comes from, DM me or email jason@parcllabs.com. #HoustonRealEstate #NewConstructionHouston #BTR
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2moImpressive growth in Houston's BTR market—showing a 7.7x increase in new single-family construction converted to rental! Excited to see how this trend evolves.