Figures
Houston Multifamily Market Figures Q4 2023
February 21, 2024 8 Minute Read
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- Houston multifamily reported positive absorption for 2023 – a total of 10,805 units, which is slightly below the 15yr average of 12,400.
- Supply ramped up with over 22,200 deliveries, but is a relatively low 3% of total inventory
- Suburban expansion continued to drive development, with the most active submarkets being Katy, The Heights, Cypress/Fairfield, Tomball/Spring, and Montgomery County