Dallas-area apartment building permits have dropped for the first time in several years

Dallas’ runaway apartment building boom may have peaked for a bit.

The number of permits for new apartments in the Dallas area was down 19 percent in the year ending with May compared with the previous 12 months, according to a new report from Axiometrics Inc.

Builders have received permits to start 14,218 apartments during the year, compared with 17,570 in the previous 12 months, the apartment analyst reports.

Read More Here on The Dallas Morning News

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