Texas is Booming

The RentCafe notes Texas Apartment Boom Poised to Continue as Tech Giants Relocate from California

  • Tesla, Oracle and HPE’s recently announced moves from California to Texas expected to trigger a rise in apartment demand.
  • Last decade, half a million new apartments were built in Texas during the past decade; Dallas metro leads with 177,400.
  • The Dallas metro area has no less than 49,000 apartments under construction — the highest of all Texan metros — with 11,400 new apartments to be delivered in Dallas proper itself. And just in time too! In 2019, financial services giant Charles Schwab, among others, said they were coming to Dallas. Moreover, just a few months ago, real estate brokerage firm CBRE announced that it would move its global corporate headquarters from Los Angeles to Dallas.
  • The Austin metro is in the process of building 31,000 apartments, 22,600 of which are located in the City of Austin — the most to be delivered in any Texas city. Between Oracle setting up camp here and a new Tesla branch said to create 5,000 jobs, they couldn’t come sooner. Although Tesla and SpaceX are still headquartered in California, Musk’s expansion in the Austin area comes with a 4M-5M sq.ft. facility worthy of a newly established tech hub.
  • Houston metro has 28,600 upcoming apartments. Named one of the most popular places for corporate relocation and office expansion, the City of Houston, in particular, has 17,400 apartments under construction — worthy of the new global headquarters to HPE.
  • San Antonio metro will welcome 10,900 new apartments. One of the most dynamic startup ecosystems in the country, San Antonio proper currently has 9,300 apartments underway.

Texas Under Construction

Top TX Metros by Apartments Under Construction

I asked the RentCafe where Texas stood nationally. Here are the results.

Top 10 Cities by Completed Apartments 


Top 10 Cities by Completed New Apartments

That is completed apartments for the past ten years. The boom has accelerated. 

There are 126,900 apartments currently under construction in Texas.

New Apple Campus

Dallas, Austin, Houston, and San Antonio metros have a whopping 119,500 apartments under construction right now.


Affordable Migration: Goodbye Chicago, New York, LA - Hello 5 Cities in Texas

People are leaving LA, Chicago, New York, Miami, D.C. and San Jose, in droves, for places with cheaper housing.

Amazon's Split HQ Will Spark Apartment Boom in NY Queens and VA Crystal City

Amazon's decision to split its headquarters will also split rental needs. Expect an apartment boom in two cities.

Apartment Construction in 2018 Expected to Decline 11% After Strong 6-Year Run

The Yardi Matrix/Rent Cafe expects apartment construction to decline in 2018 for the first time since 2011.

Bottom 5 "Sinkhole" Cities: New York, Chicago Lead the Way

63 out of America’s largest 75 cities can’t pay their bills, acquired $330 billion in unfunded debt.

August Rents Rose in 89% of Top 252 Cities: Fastest Pace in 18 Months

Apartment construction is down. Rent prices are up. That's the message in 89% of the top 252 US markets.

Texas Orders Travelers From Louisiana to Self-Quarantine

Add Texas to the list of states enforcing an embargo on neighboring states.

Three of Italy’s Top Four Political Parties Seek a New Parallel Currency

In a bid to appeal to the growing anti-euro sentiment in Italy, three of Italy’s biggest political parties seek a dual currency.

New Home Sales Top Estimates, Hit Four-Month High, Huge Surge in the West

New home sales rebounded strongly in March and revisions took February higher.

23 Cities Have 5-Yr Home Price Gains of 40%, Case-Shiller-20 Up 57% in 6 Yrs

Point2Homes notes 23 US cities had 40% or more home price appreciation in 5 yrs. I compare to Case-Shiller 20 metro area