The Connect Texas Multifamily conference is next Tuesday at The Virgin Hotels in Dallas. Institutional Property Advisors Research Director, Greg Willet, will be on the program to give his insights into apartment construction trends. His report will be titled Texas Apartment Construction Moves Past Peak. Some of his key findings will include:

• Apartment construction starts in the key metros of Texas – Dallas-Fort Worth, Houston, Austin and San Antonio – plunged to just 6,500 units during second quarter 2023. Over the previous nine quarters, the start volume had averaged 22,800 units.
• The pullback in building could allow the pace of rent growth, which has slowed this year, to begin to accelerate again as early as spring 2024. Robust price increases are then anticipated in calendar 2025.
• While easing from the recent record volume, ongoing construction is still near all-time highs, with 174,700 units coming out of the ground in the primary markets.

Connect Texas Multifamily 2023 will take place on Aug. 22, 2023 at Virgin Hotel in Dallas. Click here for more information and to register.