What's the Absorption Rate of housing in the area?

The most disturbing is the absorption rate in my opinion.

And isn't Houston super overbuilt, with lagging absorption, declining rents, rising vacancy? 

I think 50-150 units is no mans land and we stick to institutional level sized deals. his underwriting is too simple. the unit mixes are off we only build studios and 1 beds for fast absorption, the deal is also under parked without a parking study. anyone who uses "roughly" in their analysis isn't sophisticated enough. we underwrite rent growth, asset growth, and a million other assumptions this wouldn't pass any people I know who invest in deals. get with a More experienced operator and read more sophisticated underwriting. 400k per door new construction is crazy. how much is the land? 

We've had good absorption in the market, but we have something like 55,000 MF units coming on line this year in DFW. 

Owners should write a narrative about deals/assets for insurance providers.2-3% rent growth is always appropriate.Rents are flattening.Buyers are focusing on untrended rents.Getting the pig through the snake, as an analogy for getting through current excess rental inventory absorption to get to a gap that will exist in a couple of years.

get more micro. we define a zip code as a market. there are about 7 zip codes in the city of columbus that we work in as well as about 15 in Miami. we look at the average housing unit delivered and try to develop under the median and average home or condo where there is a lot of absorption. that is mostly through smaller Floorplan design, smart floorplan design, etc. new construction and development you also have much more control over the overall development just my 2 cents. if you are just buying existing it's going to have some issues 

So there are a lot of projects being completed right now and in the next year or maybe two, but the number of new projects being started right now is very low, so once these current projects finish up, the new supply levels will drop and absorption of new units should get better.

., pressure test rent assumptions, look at market absorption and new construction, evaluate capital stack etc.).

Our absorption is of course dependent on market demographics.