Lease Property Update (HAR Report):
Houston’s lease market registered a mixed performance in April. Single-family rental homes benefited strongly from consumers that postponed homebuying plans, rising 17.2 percent year-over-year. Leases of townhomes and condominiums, however, fell 3.0 percent. The average single-family rent rose 10.2 percent to $2,164 while the average rent for townhomes and condominiums increased 8.4 percent to $1,831.