Dallas Fort Worth Metro Area Mulitfamily Research Report Second Quarter 2017

Healthy job growth spurs robust household formation in the Metroplex. Employment gains of nearly 3.0 percent or more since 2012 have boosted housing demand for both single-family and multifamily dwellings in the market. Single-family permitting issuance of nearly 31,500 residences far exceeds multifamily permits pulled over the past year. Despite this, single-family housing supply remains tight, pushing up home prices and keeping many would-be owners in apartments. Strong rental demand and absorption across the Metroplex has encouraged apartment development. The pace of apartment completions will reach a peak this year as builders are set to bring more units online in Dallas/Fort Worth than nearly every other major metro in the country. It is surpassed only by New York City.

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