**Texas Multi-Housing Update!**
?? Texas Multi-Housing Update: 4 Key Markets to Watch in Q4 2024 ??? Texas’ multi-housing markets are as dynamic as ever, with unique stories unfolding in each of the state’s four major metros. Let’s dive in: 1?? Austin: Record-breaking demand defined Austin in 2024, exceeding 29,500 units—over 9,000 units higher than its previous peak. However, Q4 marked a first in a decade: zero new units broke ground. With its construction pipeline down 51% from its peak, Austin faces a growing challenge in balancing demand with supply. ?? 2?? San Antonio: Quietly becoming a star, San Antonio saw demand surpass supply while maintaining its position as the 3rd youngest metro population in the U.S.. However, only 288 units broke ground in Q4—the lowest since 2010. With the pipeline shrinking by 59%, supply constraints could be an issue moving forward. 3?? Houston: Houston’s multi-housing demand surged by 65% YoY in 2024, driven by affordability, which makes renting 23% cheaper than buying. Despite its growing population, just 2.1% of its inventory is under construction, creating a potential bottleneck for future supply. 4?? Dallas-Fort Worth: DFW once again leads the nation in demand, ranking #1 for multi-housing investment volume for the 6th straight year. With supply and demand nearly matched in 2024, and its population projected to hit 9.2M by 2032, DFW continues to cement its place as a powerhouse metro. Swipe through for the data and key trends shaping Texas’ multi-housing market! ?? Which market do you think has the biggest opportunity moving forward? Let’s discuss! #TexasRealEstate #Austin #SanAntonio #Houston #DallasFortWorth #Multifamily #JLLCapitalMarkets #ThankYou Nicole Accetta for these awesome reports! JLL CenTX MultiHousing Ryan McBride | Robert Wooten Alex Fernandes | Noah Ehler