The median rent for one- and two-bedroom apartments in Houston, Texas, increased steadily during the COVID-19 pandemic, but started to decline in late 2023. In January 2025, the average rent in Houston was ***** U.S. dollars. That was a decrease of *** percent year-on-year. Overall, Texas ranks as one of the mid-price range rental markets in the U.S.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Owners' Equivalent Rent of Residences in Houston-The Woodlands-Sugar Land, TX (CBSA) (CUURA318SEHC) from Dec 1982 to Sep 2025 about Houston, rent, urban, TX, consumer, CPI, inflation, price index, indexes, price, and USA.

Explore Houston, TX rental market 2025. The average long-term prices $1,586 and short-term $2,032, with trends shaping housing in a city of 2,300,419 residents.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Services Less Rent of Shelter in Houston-The Woodlands-Sugar Land, TX (CBSA) (CUURA318SASL2RS) from Dec 1982 to Aug 2025 about shelter, Houston, rent, urban, TX, consumer, CPI, services, inflation, price index, indexes, price, and USA.

Houston-Galveston-Brazoria, TX (CMSA) - Consumer Price Index for All Urban Consumers: Rent of Primary Residence in Houston-The Woodlands-Sugar Land, TX (CBSA) was 329.30100 Index 1982-84=100 in August of 2025, according to the United States Federal Reserve. Historically, Houston-Galveston-Brazoria, TX (CMSA) - Consumer Price Index for All Urban Consumers: Rent of Primary Residence in Houston-The Woodlands-Sugar Land, TX (CBSA) reached a record high of 330.21800 in July of 2025 and a record low of 20.80000 in June of 1934. Trading Economics provides the current actual value, an historical data chart and related indicators for Houston-Galveston-Brazoria, TX (CMSA) - Consumer Price Index for All Urban Consumers: Rent of Primary Residence in Houston-The Woodlands-Sugar Land, TX (CBSA) - last updated from the United States Federal Reserve on November of 2025.

Houston-Galveston-Brazoria, TX (CMSA) - Consumer Price Index for All Urban Consumers: Services Less Rent of Shelter in Houston-The Woodlands-Sugar Land, TX (CBSA) was 359.92800 Index Dec 1982=100 in August of 2025, according to the United States Federal Reserve. Historically, Houston-Galveston-Brazoria, TX (CMSA) - Consumer Price Index for All Urban Consumers: Services Less Rent of Shelter in Houston-The Woodlands-Sugar Land, TX (CBSA) reached a record high of 363.52700 in June of 2025 and a record low of 98.00000 in February of 1983. Trading Economics provides the current actual value, an historical data chart and related indicators for Houston-Galveston-Brazoria, TX (CMSA) - Consumer Price Index for All Urban Consumers: Services Less Rent of Shelter in Houston-The Woodlands-Sugar Land, TX (CBSA) - last updated from the United States Federal Reserve on November of 2025.

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Description:

A simple yet challenging project, to predict the housing price based on certain factors like house area, bedrooms, furnished, nearness to mainroad, etc. The dataset is small yet, it's complexity arises due to the fact that it has strong multicollinearity. Can you overcome these obstacles & build a decent predictive model?

Acknowledgement:

Harrison, D. and Rubinfeld, D.L. (1978) Hedonic prices and the demand for clean air. J. Environ. Economics and Management 5, 81–102. Belsley D.A., Kuh, E. and Welsch, R.E. (1980) Regression Diagnostics. Identifying Influential Data and Sources of Collinearity. New York: Wiley.

Objective:

• Understand the Dataset & cleanup (if required).
• Build Regression models to predict the sales w.r.t a single & multiple feature.
• Also evaluate the models & compare thier respective scores like R2, RMSE, etc.

According to Cognitive Market Research, the global Cranes Rental market size is USD 43.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030.Market Summary:

The demand for Cranes Rentals is rising due to the increasing construction activities due to urbanization.
Demand for Mobile Cranes remains higher in the Cranes Rental market.
The building & construction category held the highest Cranes Rental market revenue share in 2023.
Asia Pacific Cranes Rental will continue to lead, whereas the North American Cranes Rental market will experience the most substantial growth until 2030.

Infrastructure Development Surge to Provide Viable Market Output

The cranes rental market is being propelled by a global surge in infrastructure development projects. Governments worldwide are investing in large-scale infrastructure initiatives, including roads, bridges, airports, and urban development. The need for specialized lifting equipment, such as cranes, has intensified. Construction companies, seeking flexible and cost-effective solutions, are increasingly turning to rental services to meet the varying demands of diverse projects.

Sarens NV unveiled the world's largest crane, the SGC-250 (Sarens Giant Crane - 250), in November 2018. This crane is the first of its kind, boasting a maximum load moment of 250,000Tm, enabling it to lift an impressive 5,000T. Even at a radius of 100m, it can still lift 2,000T.

(Source-www.sarens.com/about/news/sarens-launches-the-largest-crane-in-the-world-the-sgc-250.htm#:~:text=Sarens%20launched%20the%20massive%20SGC,lift%20an%20amazing%202.000%20tonnes.)

Cost-Efficiency and Operational Flexibility to Propel Market Growth

Cost-efficiency and operational flexibility are key drivers influencing the Cranes Rental market. Construction companies are recognizing the financial advantages of renting cranes over outright ownership. Rental services provide access to a diverse fleet of cranes without the burden of maintenance costs and depreciating assets. This flexibility allows companies to scale their equipment based on project requirements, optimizing resource utilization. Additionally, technological advancements, such as telematics and remote monitoring, enhance operational efficiency, making crane rentals an attractive option for companies striving to balance cost-effectiveness with operational agility in the dynamic construction landscape.

In January 2019, ALE established a new branch office in Houston, Texas and designated it as the official headquarters of the company. This expansion aimed to enhance operational capacity through the recruitment of more experienced staff and the acquisition of the latest heavy lifting and transport equipment.

(Source-kbs.com/insights/kbs-signs-new-42290-square-foot-lease-agreement-with-national-restaurant-and-brewery-operator-at-203284-square-foot-office-property-in-houston-texas/)

Market Dynamics For the Cranes Rental Market

Regulatory Challenges and Compliance Issues to Restrict Market Growth

The Cranes Rental market faces significant restraints, primarily stemming from regulatory challenges and compliance issues. Stringent safety and environmental regulations, varying across regions and countries, pose a complex landscape for crane rental companies. Compliance with diverse standards demands substantial investments in safety measures, certifications, and training programs. Adhering to these regulations increases operational costs and administrative burdens, impacting the overall profitability of crane rental businesses.

Impact of COVID–19 on the Cranes Rental Market?

The cranes rental market faced substantial challenges in the wake of the COVID-19 pandemic. The global health crisis disrupted construction activities, leading to project delays and cancellations, which, in turn, impacted the demand for crane rentals. Lockdowns, supply chain disruptions, and workforce shortages further hindered the industry's operations. However, as construction projects gradually resumed and adapted to new safety protocols, the market exhibited resilience. The need for flexible and cost-effective solutions increased, driving the demand for crane rentals. As the construction sector rebounds, the Cranes Rental market is anticipated to recover, with a focus on efficiency, technology integration, and adapting to the evolving demands of the post-pandemic constr...