Report: Multi-Family Construction Outpacing Demand in Some Parts of the Country

A report on multi-family construction around the country explains why the rent is rising so slowly in the Dallas area despite large employment gains.

1 minute read

June 27, 2018, 2:00 PM PDT

By James Brasuell @CasualBrasuell


Construction Worker

Talbot Troy / Flickr

Steve Brown reports: "Apartment construction in the Dallas area will far outpace demand, according to a new report by Yardi Systems Inc."

Specifically, the "number of new apartments opening in the next two years in Dallas will be almost three times the projected demand, according to Yardi's new forecast."

Brown is reporting from Dallas, so the primary concern of this article is for the Dallas market, but Dallas is not alone in making Yardi's list of markets overbuilding multi-family. In the words of the Yardi report, "In the near term, markets at risk of oversupply include Denver, Seattle, Charlotte, Dallas, Phoenix and Miami, where deliveries are expected to outpace demand." But, "[o]ver the longer term, the supply picture is more balanced."

In North Texas, all that building means rents are rising at the slowest pace in years, despite rapid job growth in the area.

Tuesday, June 26, 2018 in The Dallas Morning News

View form second story inside Southdale Mall in Edina, Minnesota with escalators and model cars parked on downstairs floor.

The Mall Is Dead — Long Live the Mall

The American shopping mall may be closer to its original vision than ever.

March 21, 2024 - Governing

Houston, Texas skyline.

Report: Las Vegas, Houston Top List of Least Affordable Cities

The report assesses the availability of affordable rental units for low-income households.

March 22, 2024 - Urban Edge

Historic buildings in downtown Los Angeles with large "Pan American Lofts" sign on side of building.

Adaptive Reuse Bills Introduced in California Assembly

The legislation would expand eligibility for economic incentives and let cities loosen regulations to allow for more building conversions.

March 18, 2024 - Beverly Press

Street Traffic in Manhattan

New York Congestion Pricing Approved by MTA Board

The program took another step forward as the board approved a proposed pricing scheme, but lawsuits still stand in the way of full implementation.

38 minutes ago - Smart Cities Dive

White and yellow Metro Transit streetcar in Minneapolis, Minnesota.

Video: Making Transit Better

How trackless trams and other innovations can make U.S. transit more efficient.

1 hour ago - CNBC Marathon

Amtrak train passing over tall trestle bridge on California coast at Gaviota Beach.

LA-to-San Francisco Night Train Closer to Reality

A train operator has entered into formal negotiations with Union Pacific to move the project forward with a projected launch date of 2025.

March 27 - SFGate

News from HUD User

HUD's Office of Policy Development and Research

Call for Speakers

Mpact Transit + Community

New Updates on PD&R Edge

HUD's Office of Policy Development and Research

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.