Dallas-Fort Worth leads the country in apartment building with about 23,500 units under construction. During the last year, the DFW labor market has added about 111,000 jobs — more than any other area of the country.
“Dallas was one of the first markets to see construction come back” after the recession,” Jay Parsons with MPF Research said. “Those new units are leasing up very, very fast."
Only about 6 percent of DFW apartments are currently vacant.
Read more...Dallas: job growth = apartment construction boom via Real Estate Center at Texas A&M