Dallas Takes Top Spot for New Supply This Cycle

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Dallas has now bumped Houston out of the top spot for the most apartment completions over the current cycle, which began in 2010. Big D should pull further ahead in the short term, since scheduled deliveries over the next year remain elevated in Dallas but slow in Houston. DC and New York are the two other contenders in terms of metros adding the most multifamily stock this cycle. Meanwhile, Seattle, which has seen a huge drop-off in construction volume lately, sits in the #5 spot for deliveries during the cycle.