An article recently published by Multi-Housing News discovered that metropolitan areas in Texas are having the biggest population increase in the United States due to the their growing economies, affordable living, and appealing weather.
Multi family lender Freddie Mac found in their research that within the last decade Dallas, Houston, and Austin grew by a combined total of 2.8 million people from 2010 to 2019. The author, Gregg Isaacson, Associate Editor with Commercial Property Executive and Multi-Housing News revealed “Breaking down the numbers further, the report by the government-sponsored enterprise found that net migration tended to be the largest driver of population growth in the urban centers that had grown the most.”
“Job growth is highly correlated with rent growth in our industry. At The Paskin Group, we believe the 14 apartment community investments we currently own and operate throughout Texas are well-positioned for high annual yields and long-term capital appreciation.” stated Michael J. Paskin, The Paskin Group’s President & CEO. “Texas is a great state for business that provides its residents with a high-quality of life, an affordable cost-of-living, and diverse amenities.” With the overall growth in Texas The Paskin Group is looking forward to another successful year not only for the company but for its residents as well.