Latest Austin leasing and rental stats

[Dan Burstain]

Take a look at Austin leasing and rental statistics for the month of January 2017 below. Highlights include:

• 40% increase in total lease properties between January 2016 and 2017
• Demand for rentals is up 4%
• 34% increase in single-family homes available for rent

[Cody Cook]

This is great info Dan. Is there any more info on the # of renters? From the look of this data, it seems like the supply of rental properties is growing too fast with price per square foot dropping and apartment occupancy #s going down. What are your thoughts?