What Does the Last Year of Apartment Construction Tell Us About the Future?

For the first time since 2015 there will be fewer than 300,000 new apartment units completed this year. However, the 299,442 units forecast by Yardi Matrix market data does present positive news for the industry.

Demand continues to grow but firms have run into a challenge of high construction costs and a labor shortage, both of which have hindered projects.

Overall, there were more apartment deliveries in the 2010s since the 1980s with 2.34 million, according to Yardi Matrix.

The Dallas-Fort Worth Metroplex took the top spot in 2019 in terms of total new apartments with 22,196, handily outpacing Seattle (12,682) and New York City (12,418). Job growth and a rising population has aided north Texas in the past few years. The U.S. Census Bureau estimates the area added 131,800 residents in 2017 and 2018. Suburbs Frisco, Farmers Branch and Richardson account for 5,508 of the added units this year.

While Dallas-Fort Worth has experienced steady growth year-over-year (YoY), several metros broke out between 2018 and 2019.

Detroit, Michigan added 292% more apartments (1,856 units) YoY, with San Jose, California not far behind with a 283% increase (6,044 units) in the same time period.

For the latest on all things engineering and construction, head to our industry page! Be sure to follow us on Twitter for up-to-the-minute updates! You can also join the conversation in our LinkedIn Market Leaders groups!

Follow us on social media for the latest updates in B2B!

Image

Latest

metacognitive teaching strategies
Just Thinking: How Metacognitive Teaching Strategies Build Critical Thinking and Transfer Knowledge
August 15, 2025

In today’s rapidly changing world, effective leadership in education is about more than managing schools—it’s about inspiring a culture of thinking that empowers both teachers and students. As classrooms adapt to new technologies, diverse learning needs, and shifting societal demands, leaders have the responsibility to guide not just the acquisition of knowledge but the…

Read More
fleet lifecycle management
Fleet Lifecycle Management: Data, Safety Tech, and Timely Refreshes Cut Costs and Maintain Competitiveness
August 14, 2025

Volatile tariffs, inflationary pressures, and advances in fleet lifecycle management are forcing trucking executives to make strategic choices under uncertainty. The decision to replace or upgrade Class 8 trucks is no longer just about cost-per-month—it’s about lifecycle value, operational safety, compliance readiness, and long-term competitiveness. As the EV credit deadline approaches and OEMs release…

Read More
immersive audio technology
From Kansas to Vegas: Immersive Audio Technology at The Sphere to Bring New Life to The Wizard of Oz for a New Generation
August 14, 2025

Audiences worldwide have cherished The Wizard of Oz for over eight decades, but The Wizard of Oz at Sphere is reimagining the classic for today’s technology-driven entertainment world. Las Vegas’ cutting-edge Sphere venue will host an immersive revival, pairing groundbreaking visuals with immersive audio technology that brings the Academy Award-winning score to life in ways…

Read More
Applied Digital AI Data Center
Applied Digital AI Data Center July 2025 Update
August 14, 2025

In the heart of Ellendale, North Dakota, the Applied Digital AI Data Center known as Polaris Forge 1 (Previously ELN02) is steadily emerging as one of the largest purpose-built AI data centers in the United States. This July 2025 site update highlights remarkable progress at the Applied Digital project, designed to set new standards…

Read More