HOUSTON CHRONICLE (January 4, 2017) – Houston led the nation in apartment completions in 2016 and was among a handful of cities with lower rents in the past two quarters, according to preliminary data from RealPage.
Apartment properties completed in the greater Houston region during the fourth quarter totaled 9,280 units, bringing the annual total to 23,558. The completions marked the biggest block of quarterly new supply seen since the mid-1980s.
To read more, visit: http://www.chron.com/business/bizfeed/article/Houston-leads-nation-in-apartment-construction-10835023.php