Texas Leads the Nation for Apartment Supply in 3rd Quarter

Of the more than 160,000 apartments delivered across the U.S. in 2024’s 3rd quarter, roughly 15% completed in Texas markets. Austin was the nation’s apartment supply leader, with over 9,800 units wrapping up in the July to September time frame, according to data from RealPage Market Analytics. Dallas delivered the second highest total deliveries, with about 8,500 units completing in the quarter. Houston supply was a bit more muted – comparatively – at 5,750 units, but that was still one of the top deliveries nationwide. Three other South region markets made the top 10, including Atlanta, Charlotte and Raliegh/Durham. That brought total deliveries in the South to over 40,900 units in 3rd quarter. That’s nearly three times more than the totals in the West (14,300 units) and Northeast (11,185 units) regions. No Midwest markets made the top 10 list. In fact, even the Midwest leader – Minneapolis – added moderate supply of a little over 2,000 apartments in 3rd quarter.