TEXAS APARTMENT MARKETS SEE 2006 GAINS

DALLAS (www.alnsystems.com) – The five major apartment markets in Texas saw gains in occupancy and rental rates in the 12 months ending in August.

Houston experienced a 3.2 percent increase in occupancy — the largest gain in the five markets — going from 87.9 percent to 90.7 percent. Dallas had an increase of 2.1 percent; Fort Worth , 1.8 percent; Austin, .8 percent; and San Antonio , .4 percent.

Austin, meanwhile, had the biggest jump in average quoted rent — 7.2 percent — going from $719 to $746. Average rent in Houston increased by 7 percent; San Antonio , 3.4 percent; Dallas , 3.3 percent; and Fort Worth 3 percent.