Apartment absorption for first quarter 2012 was 144 units, an increase of 45 percent from 1Q 2011 and the strongest first quarter since 2008, according to Hendricks & Partners.
Apartment developers produced no major projects in 1Q 2012. In the previous year, builders delivered 690 units, the largest quarterly supply increase of the past five years.
Builders requested permits for 55 multifamily units in 1Q 2012, compared to 224 in 1Q 2011.
Read more...Corpus Christi apartment 1Q 2012: Hendricks & Partners via Real Estate Center at Texas A&M University
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