Houston leads nation in apartment growth
HOUSTON – Multifamily permitting activity continues to grow in the city 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.
Houston-area developers received permits for 23,340 multifamily units in the 12 months trailing May, a 21 percent increase from the previous year.
The City of Houston issued more than half of the permits in the region, permitting 12,636 apartment units in the 12 months trailing May.
Nationally, 557,000 apartment units were permitted from June 2014 to May 2015, a 54 percent increase from the previous year.
Here are the top ten metro areas leading the nation for multifamily units permitted in 12 months trailing May.
| City | Units |
| New York City |
44,333 |
| Houston | 23,340 |
| Los Angeles | 14,379 |
| Dallas | 14,218 |
| Seattle | 13,981 |
| Washington, D.C. | 9,738 |
| Atlanta | 9,262 |
| Austin | 9,135 |
| Miami | 8,054 |
| Denver | 7,840 |
*12 months trailing May 2015
Click Houston Market Research for multifamily quarterly data or Houston NewsTalk multifamily.
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