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June 21, 2017 Comments Off on Texas Will Need More Rental Housing by 2030 Views: 1218 Texas News, Top Texas

Texas Will Need More Rental Housing by 2030

Though all 50 states will require more rental housing over the next decade, Texas, Florida and North Carolina are among those that are expected to have the need for new rental housing through 2030. Economic growth, low costs and diversified demographic growth are some of the reasons why Texas ranked at the top of a report entitled “U.S. Apartment Demand – A Forward Look.” Hoyt Advisory Services, Dinn Focused Marketing Inc. and Whitegate Real Estate Advisors LLC prepared the report for the National Multifamily Housing Council and the National Apartment Association.

The report noted that the Lone Star State’s overall apartment household growth is estimated to increase by 32%, with growth in rentership increasing by 3%. Overall, the state is estimated to add 749,000 new apartment households by 2030.

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