Recent articles on GlobeSt.com have reported on a very robust multifamily sector in Houston. Even as the development pipeline continues chugging along, creating more and more units, the question becomes, will it be too much?
In a MarketView white paper entitled "Is Houston's Multi-Housing Market Overheated?" CBRE research analysts Analee Micheletti and Lauren Paris paint a picture of frenzied multifamily property development throughout Oil City – building permit activity was up a whopping 120.7% as of Q3 2012, with the Inner Loop and Far West submarkets seeing the most units under construction. Approximately 4,000 units were delivered in 2012, with almost 10,000 under construction.
Read more...Multifamily in Houston: Enough or too Much? - Daily News Article - GlobeSt.com
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