DFW a Close Second to NYC in Apartment Building Boom

With new home construction getting more expensive and bidding wars erupting over homes on the affordable end of the spectrum, many new transplants to the Dallas-Fort Worth area — approximately 143,000 of them from 2015 to 2016 —are turning to apartments to meet housing needs in the interim. And while we’ve done a less-than-stellar job of keeping the supply of homes for sale on par with demand, an apartment building boom has filled the gap — almost too well, in fact. With almost 25,000 apartments set to hit the market in before the close of 2017, Dallas-Fort Worth (24,960 units) comes in a close second to New York City (26,739 units) in the march toward more rentals. According to RentCafe, apartment construction is at a 20-year high, with 345,000 units slated to hit the market by the end of the year — a 21 percent increase over last year’s deliveries….

Read full post at: http://www.bancodelbitcoin.com/dfw-a-close-second-to-nyc-in-apartment-building-boom/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s