Texas continues to take a leadership position when it comes to apartment construction over the past three years. A recently released RentCafe survey showed that the Dallas, Austin, and Houston metros come out in the top ten of most categories.
When it comes to 2023, DFW ranks second behind NYC as the nations largest builder. If you count the last three years, Dallas is first. Here are the real numbers for Dallas:
No. of apartments built in the last three years: 76,660
No. of apartments expected to be delivered by the end of 2023: 23,659
Austin at number 3, developers are set to open 23,434 new rentals by the end of 2023.
From 2020-2023 Dallas built the most apartments during those three years with 76,660 units. Coming in third is Houston, with 53,741 and Austin fourth with a little more than 45,000 apartments.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.