New apartment openings in Houston are set to sharply fall in 2025, potentially benefiting landlords in a market where a torrent of construction has prevented rapid rent growth over the past couple of years.
Houston is typically a hotbed for new housing. With 14,439 apartments expected to be delivered in 2025, the city ranks eighth among large U.S. metro areas for apartment construction, according to RentCafe, a national apartment search website.
Now, however, the Houston region is seeing a major slowdown: Developers are on track to deliver 37.6% fewer apartments this year than last, according to RentCafe…