Texas National Leader in BTR Sector Growth

In a recent review of the Build-to-Rent sector, Yardi Matrix listed Texas as the nation’s leader.

• Texas is the absolute leader when it comes to single-family rentals in the pipeline, with 21,812 units in various stages of development across its largest metros.
• When completed, these new house rentals will expand the state’s build-to-rent (BTR) inventory by an impressive 70%.
• To put things in perspective, Arizona and Florida round up the podium but they trail behind Texas, with developers in each of these states working on nearly 14,000 new units.
• Top metros for growth: The Dallas metro alone will add 8,470 houses for rent in the following months, with Houston (4,613), Austin (4,313) and San Antonio (2,994) also making it into the top 10 best metros for houses for rent construction in the nation.
• Cities like San Antonio, Fort Worth, McKinney, Hutto, and Cypress are the biggest contributors to the momentum of BTR housing: Each city will add between 1,000 and 2,000 single-family rentals to the existing inventory of house rentals in these markets.