Locally based Axiometrics Inc. released its apartment data for Q2 2013, with three of the major Texas MSAs well-represented when it came to units delivered. The Dallas MSA claimed first place, delivering 3,203 units during the quarter, followed by the Houston MSA, which delivered 2,593 units. Coming in fifth was the Austin/Round Rock area (which introduced 1,692 units to the market). San Antonio came in 10th, with its delivery of 1,138 units.
"Texas markets continue to lead the way when it comes to job and population growth, which will drive demand for the new supply," says Jay Denton, vice president of Axiometrics. The question, however, arises as to whether too much is being delivered, even in the face of positive job and population growth. In addressing this issue, Denton tells GlobeSt.com that the oversupply question depends on property development in the suburbs.
Read more...Texas Cities on Top With MF Deliveries - Daily News Article - GlobeSt.com
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