More than 3,000 apartments were delivered in first quarter 2014, a 15.1 percent increase from 1Q 2013. From 2009 to 2013, completions averaged 8,560 units annually.
In March 2014, 24,900 annualized permits were issued, a 43.8 percent gain from March 2013.
There were 11,000 newly occupied apartments in the last 12 months, compared to 12,000 completions. Consequently, vacancy ticked up, reaching 5.8 percent in 1Q 2014.
Read more...DFW apartments 1Q 2014: Hendricks-Berkadia
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