DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: Dallas/Fort Worth Metro Continues Apartment Building Spree
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > Fort Worth Apartments > Dallas/Fort Worth Metro Continues Apartment Building Spree
Fort Worth Apartments

Dallas/Fort Worth Metro Continues Apartment Building Spree

2 Min Read
SHARE
CD-construction
Dallas/Fort Worth is expected to build 21,173 new units by the close of 2021.

It’s a four-peat.

The Dallas/Fort Worth metro area apartment industry has done something the Dallas Cowboys, Dallas Mavericks, and Dallas Stars haven’t done. It’s on a four-year run of being the best.

For the fourth consecutive year, D/FW leads the nation in the projected number of apartments to be built by the end of the year, according to RENTCafé’s latest Apartment Construction Report.

You’ve seen the scaffolds and experienced the detours. D/FW is set to build 21,173 new apartments this year. The Houston metro area is fourth with 15,760 new units and Austin seventh with 11,919. By D/FW city, Dallas is expected to bring in 4,140 units, Fort Worth 3,184, and Frisco 2,356.

Dallas did experience a slowdown relative to the national trend. Dallas had a 13 percent year-over-year drop in the number of expected units.

CD-construction

Nationally, developers are set to bring 334,000 new apartments on the market, passing the 300K mark for the sixth consecutive year. Eight metros are expected to hit five-year highs of new apartments.

But the total is a 2.5 percent drop compared to 2020, blamed mostly on the pandemic, developers’ struggles to find qualified workers, funding, permits, or the sky-high cost of lumber.

“The pandemic shifts and resurgence of the residential rental market bring new residential supply into focus,” says Doug Ressler, Yardi Matrix manager of business intelligence. “Lack of entry-level housing supply and rising home prices will show the multi-family rental market demand increasing as new renters enter the market and Millennials extend their rental commitments.”

CD-construction
For a larger view, click here.

Methodology: Apartment projections for the year 2021 are calculated based on a Yardi Matrix proprietary algorithm, which includes confirmed and likely completions for 2021 based on the issuance of a certificate of occupancy. Apartment projections are estimates and subject to change.

Dallas Public Schools: How to Keep an Eye on School Board Meetings (and Still Eat Dinner)
Kessler Park Jewel Hiding In Plain Sight For $495,000
Our Easter Splurge Vs. Steal Is Filled With Spring Color
Anthony Graham: Moving Back to the Mothership, SOUTH of LBJ
Monday Morning Millionaire: Ice is Not so Nice, Here’s to Seeing Bluebonnets Pretty Darn Soon…
TAGGED:ApartmentsDallas Apartment COnstructionDallas real estate newsrentcafe
Share This Article
Facebook Email Copy Link Print
Previous Article This Frank Lloyd Wright Usonian Has an Interesting Back Story
Next Article Privacy And Serenity Await Inside This Jaw-Dropping Montecito Mediterranean
Popular News
DFW Real Estate News

Your Guide to Drive-Through Neighborhood Lights in Dallas-Fort Worth

The High Water is Here, So Will Hell Come Next For East Dallas?
The Deadline For Modern Luxury Dallas Real Estate Award Nominations is Jan. 31
Luxury Real Estate Agent Michelle Wood Lists a Classic Iconic Home For $32 Million
Custom Features for Your Washington Deck: Built-in Seating, Planters & More
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission

Categories

  • Wednesday WTF
  • East Dallas
  • Monday Morning Millionaire
  • Upon Closer Inspection

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?