Houston leads nation in apartment growth via Real Estate Center at Texas A&M

Multifamily permitting activity continues to grow in the city despite an apparent slowdown in the market, according to a new national report.

The Houston metropolitan area ranked No. 2 nationally for the number of apartment permits issued over the past 12 months trailing May, according to Axiometrics Inc., a Dallas-based multifamily research company.

Houston-area developers received permits for 23,340 multifamily units in the 12 months trailing May, a 21 percent increase from the previous year.

Read more...Houston leads nation in apartment growth via Real Estate Center at Texas A&M