Houston leads nation in apartment growth

Multifamily permitting activity continues to grow in Houston despite an apparent slowdown in the market, according to a new national report.

The Houston metropolitan area ranked No. 2 nationally for the number of apartment permits issued over the past 12 months trailing May, according to Axiometrics Inc., a Dallas-based multifamily research company. Axiometrics used U.S. Census Bureau data on residential permit activity to compile its monthly report

Houston-area developers received permits for 23,340 multifamily units in the 12 months trailing May, a 21 percent increase from the previous year

Read More Here on the Houston Business Journal

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