North Texas’ apartment building binge may be hitting a ceiling.
Dallas-Fort Worth apartment building permits dropped by 17 percent in the first quarter, and industry analysts say that funding for new projects is more challenging after years of construction increases.
“We are starting to see the first signs we’ve hit that peak in building activity,” Greg Willett, vice president with apartment analyst MPF Research, told an industry group Tuesday morning. “Of late, the money sources have gotten a little bit more skittish.
Read more...Apartment boom seeing some pullback as lenders tighten their purses | | Dallas Morning News
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