Dallas Apartment Lending Showing First Signs Of Slowing Down

Dallas Apartment Lending Showing First Signs Of Slowing Down

Dallas has been growing insanely fast! As you drive around town I'm sure you've seen more and more apartment complexes going up. 

For the first time, Dallas is starting to see first signs of it slowing down. 

Dallas-Fort Worth apartment building permits dropped by 17 percent in the first quarter, and industry analysts say that funding for new projects is more challenging after years of construction increases.

“We are starting to see the first signs we’ve hit that peak in building activity,” Greg Willett, vice president with apartment analyst MPF Research, told an industry group Tuesday morning. “Of late, the money sources have gotten a little bit more skittish.

Apartment building in North Texas is still running at an all-out pace. More than 43,000 apartments are being built in the D-FW area – more than anywhere else in the country.

“We think we are going to be able to absorb all this product as it is being delivered,” Willett said at a meeting sponsored by Institutional Property Advisors. “Rent growth will probably slow down a little bit.

“Our best case expectation is rent growth is 4.5 percent – still a very good number.” Read the full article here

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Phone: 214-450-2611
Dated: June 8th 2016
Views: 435
About JD: JD Gonzales is a Dallas local. From the M-Streets, he frequented venues on lower Greenville growing ...

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