CoStar Market Insights: Houston Apartment Deliveries to Slow in 2018
By the end of 2017, Houston will have added about 90,000 market-rate apartment units this cycle, trailing only Dallas-Fort Worth’s 100,000 units and New York’s 92,000 units. Recent events have drastically shifted fundamentals though, and a slowed pipeline is imminent.
The energy sector downturn that began in 2014 sent apartment fundamentals in Houston through the spin cycle. At the height of the oil boom, vacancies were near record-lows, multifamily…
