In the past year, 30,000 people have moved to the Austin area, while only 1,065 new apartments came online during that time, according to Apartment Realty Advisors.
The influx of new residents is not slowing, and apartment building is not getting much more prevalent.
In all, 317 units at six projects are actually under construction, city planners said, and another 563 units across four projects have city approval, but have not started construction.
Read more...NewsTalk Texas - Austin apartment pipeline drying up
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