During the first two months of 2017, developers started building almost twice as many apartments in the Dallas-Fort Worth area as they did in the same period of last year, according to data from MPF Research and the U.S. Census Bureau. Builders began construction on 5,664 more D-FW apartments during the 2-month period. That was second only to New York City in total multifamily home starts. And D-FW was first nationally in February. "An expanding workforce continues to reinforce demand drivers and developer confidence in the region, MPF Research analysts write. For the 12 months ending in February, D-FW employers added almost 120,000 new jobs - more than any market in the country except the New York metro area. At the end of the first quarter, more than 50,000 apartments were being built in North Texas. And rents were almost 6 percent higher on average than they were a year earlier, according to MPF Research.
- Dallas Morning News, April 2017