In the nation's 100 largest metros, roughly 230,000 apartment units are scheduled for completion in 2015, about a 14 percent drop from the 13-year high that will be reached this year, according to MPF Research, the market intelligence division of RealPage, Inc.
Of course, the largest metros will be building the most units, with Houston coming in first with 19,662 expected completions in 2015. However, in terms of inventory growth rate, Houston falls to sixth place, at 3.2 percent.
Following Houston in sheer volume is Dallas, New York, Washington, D.C. and Seattle, all producing between an estimated 10,500 and 16,500 units next year.
Read more...Top Ten New Construction Markets in 2015 | Multifamily Executive Magazine