DALLAS MORNING NEWS (September 12, 2017) – The long-predicted slowdown in North Texas apartment construction may finally be in the works.
With over 50,000 rental units under construction, Dallas-Fort Worth has been the top apartment building market in the country in recent years. But a significant slowdown in permits for new apartments this year may herald a decline in building cranes on our horizon.
For the 12-month period ending in July, Dallas-area apartment permits were down almost 20 percent from a year earlier, according to data from Richardson-based RealPage. Dallas and Atlanta were the only two top-10 U.S. apartment markets to see a year-over-year decline in building permits, RealPage reports.
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