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Houston’s New Multifamily Supply Ranks High Nationally, For Now

Bayou City No Longer Among Top 10 Markets in US in Terms of Units Underway
Houston ranked number three in the country, trailing only Dallas Fort-Worth and New York, for most units delivered during the past four quarters. The Bayou City opened more than 16,000 new units during this time, which is less than half the total number of units absorbed. (Tommy Orellana/CoStar)
Houston ranked number three in the country, trailing only Dallas Fort-Worth and New York, for most units delivered during the past four quarters. The Bayou City opened more than 16,000 new units during this time, which is less than half the total number of units absorbed. (Tommy Orellana/CoStar)
CoStar Analytics
March 18, 2022 | 6:31 P.M.

Houston's multifamily market witnessed a remarkable rebound in 2021 that has continued in 2022. Mirroring many parts of the country, the market has enjoyed record levels of demand. Net absorption in Houston, the difference between move-ins versus move-outs, ranked the second highest amount in the country, bested only by Dallas-Fort Worth, over the past four quarters. The region absorbed more than 39,000 units during this time.

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