Lease Property Update (HAR Report);
Houston’s lease market had a generally strong February, continuing to benefit from consumers that have postponed homebuying plans until the market provides a bigger and more affordable supply of housing. Single-family rental homes jumped 23.8 percent year-over-year. However, leases of townhomes and condominiums declined 1.0 percent. The average single-family rent rose 6.5 percent to $2,052 while the average rent for townhomes and condominiums increased 7.9 percent to $1,767.