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Why developers aren’t building affordable apartments in Houston

HOUSTON BUSINESS JOURNAL (December 9, 2016) – In 2016, developers delivered more than 20,200 new apartment units across Houston.

About 96 percent of these new units — 19,400 of them — were Class A apartments, charging on average about $1,030 per month, according to Marcus & Millichap’s year-end multifamily report.

To read more, visit: http://www.bizjournals.com/houston/news/2016/12/09/why-developers-aren-t-building-affordable.html

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