Texas housing crisis!!!

A housing shortage the size of Texas…

“The Texas housing shortage worsens as the DFW median home price surged nearly 50% since 2020. The Lone Star State now needs 306K more homes to match demand.”

“Even though it is a national leader in both apartment and single-family housing production, DFW still faces a deficit of almost 50,000 housing units.”

Our Take

1. The DEMAND for housing keeps RISING as DFW attracts more jobs and corporate relocations

2. The limited SUPPLY has greatly driven up home prices in DFW, as “population growth from 2020 to 2023, has seen median home prices increase by more than 40 percent…”

3. “…DFW still faces a deficit of almost 50,000 housing units”

4. These factors have made housing unaffordable for many relocating to the Lone Star State. Renting is often the only option due to the affordability gap between buying and renting. Our multifamily development firm offers housing solutions in the DFW metroplex. Schedule a consultation to learn more!

#multifamilydevelopment #multifamilyinvesting #privateequity #multifamilyrealestate

Source: CRE Daily & The Real Deal, August 28, 2024