Builders tapping the brakes on apartment construction in DFW via Dallas Morning News

North Texas apartment builders are tapping the brakes on construction.

Permits for new multifamily residential construction are down more than 40% in Dallas-Fort Worth. And the number of D-FW apartments under construction fell below 40,000 units at the end of 2020 for the first time in five years.

But North Texas still leads the country in apartment construction. And it’s unclear whether the slowdown in new rental community development is a temporary pause or will last longer due to the pandemic.

Read more...Builders tapping the brakes on apartment construction in Dallas-Fort Worth via Dallas Morning News