Matrix Multifamily Houston Report-March 2026 March 24, 2026

Supply moderates in Houston

Even as deliveries cooled to 1.9 percent of existing stock in 2025, Houston’s advertised asking rents were down 1.2 percent YoY to $1,353 in January. Occupancy fell 50 bps YoY to 92.2 percent in December amid broad-based softening.