Is Houston multifamily overbuilt? One expert weighs inIs Houston multifamily overbuilt? One expert weighs inhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=131122016-05-06T05:00:00Z2016-05-06T17:00:00Z

​​​​​​​​​HOUSTON – Local apartment construction continues to go up, with a reported 28,969 units under construction and an additional 16,000 proposed.

Is that too much while the city's diversified economy is recovering?

"Houston has always been a market that loves new supply," Clint Duncan, senior vice president at CBRE’s multi-housing group in Houston, told RealtyNewsReport.com in an interview this week.

"We are coming off incredible job and rent growth from 2012–2014," Duncan said. "We are peaking with new supply currently, and the downward slide will aggressively continue through 2017. We’ve added about 10 percent to the inventory in the last five years. Compare that increase to over 33 percent added in the 1980s. We will work through this supply just fine with limited units under construction going forward in 2017 and 2018."

Houston-The Woodlands-Sugar Land
http://realtynewsreport.com/2016/05/06/overbuilt-the-highs-and-lows-of-houstons-apartment-market-qa-with-cbres-new-multifamily-group-leader/Read more at {Source}

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