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Multifamily Permitting Slips Across Texas Markets

Starts Recede Over Recent Quarters
By Bill Kitchens, Israel Linares
CoStar Analytics
May 22, 2024 | 2:26 P.M.

Multifamily construction is poised to ease, with permitting activity slipping in Texas markets over recent months, tracing a similar trend at a national level. The elevated cost to finance new construction and the glut of new supply weighing on property performances have discouraged developers from kicking off new projects.

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