Burbs win most cranes: Houston multifamily construction boomsBurbs win most cranes: Houston multifamily construction boomshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=109832015-10-29T05:00:00Z2015-10-29T17:00:00Z

​​​HOUSTON - Houston continues to defy multifamily overbuilding fears. Multifamily construction significantly increased in third quarter 2015 with more than 6,000 more units in the dirt since mid-year.

Submarkets have maintained strong fundamentals despite an up-and-down economy, which has kept developers’ confidence levels high.

Transwestern Director of Research Rachel Alexander and Rachel Andrae broke down the areas with the biggest increase in construction activity. 

The suburbs brought in the most cranes: The Conroe/Montgomery area saw a staggering 1,768 percent increase in units under construction since Q3 2014. That's seven new projects aggregating 1,768 units, a big jump from nothing underway this time last year.

Tomball/Far Northwest is enjoying a 711 percent increase year-over-year. Five projects totaling 1,459 units have broken ground in the last 12 months.

Katy/Far West has 39 percent fewer projects underway and West Memorial/Briar Forest dropped 16percent in units under construction.

Inside the Loop, the largest increase in percentage of units under construction belongs to the bustling Eado and Downtown areas with a 109 percent increase from Q3 2014. That's 11 projects and 3,461 units added to the roster.

The Med Center comes in second with a 63 percent increase, driven partially by the growth of major hospitals in the area.

The Montrose/Museum District area also rose 6 percent, with 13 projects totaling 3,687 units breaking ground in the past year. The popular Heights boasts a 2 percent increase in units under construction — four communities with 1,312 units. Overall, there are 40 multifamily projects under construction inside the Loop, totaling nearly 12,000 units.

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