Texas multifamily markets are well-represented as the national market faces heavy supply. Builders added a total of 109,390 units across the four major Texas markets — Dallas-Fort Worth, Houston, Austin and San Antonio — in the year ending the third quarter of 2024. That volume accounts for 16% of completed units nationally and is the highest rate since 2017.
Texas makes outsized impact on multifamily completions
16% of new units nationally stem from Texas markets, led by Dallas-Fort Worth and Austin
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