Similar to other markets, Houston’s multifamily market has seen a sharp pullback in groundbreakings over the past several quarters in response to high interest rates and construction costs. New supply in 2025 is projected to be just around 6,500 units, which would mark the lowest tally since 2013, and a welcome relief to owners after Houston saw nearly 50,000 units complete between 2023 and 2024.
Rent growth in Houston’s multifamily properties could begin to perform similarly across price ranges
Mid-priced properties historically outperform luxury cohort by 150 basis points
CoStar Analytics
December 24, 2024 | 6:02 P.M.
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