The apartment market throughout the North Texas region is hotter than ever, and 2018 should once again bring another new wave of units to market. But as you might expect, DFW isn’t the only city in the U.S. experiencing an apartment boom, even after a bit of a slowdown in multi-family deliveries in 2017.
According to a new Yardi Matrix report, close to 600,000 units across the country were under construction as of the fourth quarter last year, but only 220,000 units were delivered over the last three quarters of 2017. Translation—there’s going to be a whole lot of new apartments being delivered in 2018, which includes quite a few right here in DFW.
In fact, Dallas is expected to see the most apartment unit deliveries in the U.S. in 2018, according to Yardi Matrix, edging out cities like New York, Denver, Houston, Miami, Los Angeles, and Seattle.
For Dallas, the forecast projection is 22,158 units completed in 2018, while New York is projected to see 21,768 units completed, Denver 15,661 units, Houston 14,334 units, Miami 13,483 units, Los Angeles 12,472 units, and Seattle 12,362 units.