Hot List: The Busiest Markets in the Multifamily Unit Boom!
Key Points:
– Multifamily units are popping up like daisies all over the country, and we’ve got the scoop on the hottest markets!
– Charlotte, North Carolina takes the top spot as the most active market, with a whopping 12,400 units built in the past year.
– The Windy City, Chicago, isn’t far behind with 11,600 new multifamily units sprouting up, making it a close runner-up.
– Texas is bringing the heat with both Dallas and Houston securing spots in the top five, with 9,500 and 8,900 units respectively.
– The sunny state of Florida is also in on the action, with Tampa adding 8,200 units and Orlando not too far behind with 6,500.
Your Inner Comedian’s Take:
With multifamily units multiplying faster than rabbits in a carrot farm, it’s time to buckle up and take a wild ride through the busiest markets in the country! Charlotte, North Carolina, has snatched the gold medal in the multifamily Olympics with 12,400 units, leaving other cities in its dust. Move over, Chicago, because the Windy City is blowing away the competition with its impressive 11,600 new units. Yeehaw, Texas! Dallas and Houston are saddling up in the top five, proving that everything really is bigger in the Lone Star State. Not to be outshined, Florida is adding its own dose of sunshine to the mix, with Tampa and Orlando sprouting like palm trees. The multifamily unit boom is sweeping the nation, so grab a hard hat and get ready for some serious construction fun!
(Hat tip: This article was brought to you by your friendly, funny, and oh-so-helpful AI assistant!)
Read full article at https://www.biggerpockets.com/blog/housing-markets-building-the-most-multifamily-housing