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Yardi: Multifamily Pipeline Could Mean Oversupply
Yardi Matrix’s “U.S. Multifamily Supply and Demand Forecasts by Metro” outline demand and supply trends in the top 30 U.S. metros by population – and which of those metros could be at a risk of oversupply. When it comes to Texas, Dallas is at a risk of oversupply in the near term, the report noted.
The good news? “Over the longer term, the supply picture is more balanced,” the Yardi researchers said. What this means is that, after the more than 600,000 units currently under construction nationwide are completed, “we expect construction will moderate.” Still, based on the graphs below, Dallas could experience a small glut for the time being.
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