Where Big Money Gets Spent on Apartment Construction

According to a new report by Apartment List, developers spent a total of $27.6 billion between 2000 and 2016 to construct new apartments in the city of Dallas.

That total puts Dallas third on the list for the value of apartment building in that time, behind New York City ($64.9 billion) and Los Angeles ($28.4 billion).

Another key finding, quoted directly from the report: "The share of new residential spending going to multifamily construction has increased in all of the 25 largest metros, in some cases drastically."

For more recent data on housing construction, Laura Kusisto reports on new data from the U.S. Department of Commerce (paywall) finding that single-family construction slowed in March, while multi-family picked up the pace.