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.

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