Dallas-Fort Worth Shows America’s Evolving Multi-Family Housing Market

[Originally published by Forbes]

 

This March, I wrote here about the three major U.S. metros that have stood above the rest for housing permits: Houston, Dallas and New York City. Between 2010 and 2016, each of these three metros have approved 273,000 units or greater, while Los Angeles was a distant 4th at 160,000. Perhaps more notably is that many of their units have been multi-family apartments. While that isn’t surprising for New York City, it may defy stereotypes about the underlying built pattern of the two great Texas metros. And while Houston has suffered a recent slowdown in multi-family construction, Dallas-Fort Worth (D-FW) continues to be an instructive case study in the market evolution of this built form…[read the rest at Forbes]