Builders completed 3,270 multifamily units in second quarter 2013, according to Hendricks-Berkadia. The additions put deliveries at 6,310 units for 2013. The last six months outpaced first half 2012, when 3,520 units were completed.
Developers requested 7,700 multifamily units in first half 2013. The 15,400 annualized unit permits filed in June 2013 was a 5 percent rise from December 2012.
Vacancy dropped 50 basis points to 6 percent in 2Q 2013. The rate was 100 basis points lower than the rate one year prior
Read more...Houston apartments 2Q 2013: Hendricks-Berkadia via Real Estate Center at Texas A&M