Skyline of Houston, TX Houston rent growth turned positive in October, for the first time since July 2016.

SANTA BARBARA, CA—US multifamily rents declined an average of $4 in October to $1,358 per month, according to Yardi Matrix’s latest monthly survey of 121 markets. Year-over-year rent growth continued to decelerate, with October’s 2.3% nationwide improvement off 30 basis points from September’s annual increase, and trailing three-month growth turned negative. That being the case, there were some clear winners among individual markets, including Houston in the aftermath of Hurricane Harvey.