Despite building boom, Central Texas apartment supply still lagging behind demand via Statesman.com

Here’s some news that won’t come as a surprise to Central Texas apartment dwellers: Rents in the area keep going up, continuing a three-year climb.

And here’s something many apartment-hunters already know: It’s hard to find a place, much less one that fits their budgets.

What gives? It’s Supply and Demand 101: Despite an ongoing boom in apartment building, the number of new units under construction aren’t going up fast enough to meet the continued growing demand.

Read more...Despite building boom, Central Texas apartment supply still lagging behind demand via Statesman.com