Though Washington, D.C. will see the most new units in 2014, with 19,279 scheduled for completion, some secondary metros are really raising the roof, according to MPF Research.
The below list highlighting the most active construction markets features the usual suspects such as New York City and Los Angeles. But Austin and Raleigh will see some of the highest inventory growth this year—Raleigh/Durham alone will see a 6.6 percent inventory growth rate as it adds more than 8,000 units to the area, second only in growth to Austin, which will add 6.7 percent of its stock this year.
2014 |
Inventory |
|
Scheduled |
Growth |
|
Completions |
Rate |
|
| Washington, DC-VA-MD | 19,279 |
3.6% |
| Dallas, TX | 14,496 |
2.9% |
| Austin, TX | 12,915 |
6.7% |
| New York, NY | 11,416 |
0.5% |
| Houston, TX | 10,807 |
1.8% |
| Denver/Boulder, CO | 10,465 |
3.9% |
| Los Angeles, CA | 10,239 |
1.0% |
| Seattle, WA | 10,073 |
3.0% |
| Raleigh/Durham, NC | 8,388 |
6.6% |
| Boston, MA-NH | 6,546 |
1.5% |
