Rental Market
NexMetro Communities is bringing a new built-to-rent development to the Dallas-Fort Worth area. The luxury leased home developer opened its 15th neighborhood in the region with Avilla Boat Club, a 107-home gated rental home community located in northwest Fort Worth’s coveted Eagle Ranch master plan. “Avilla Boat Club has an early interest list of more than 200 people seeking…
A Child Poverty Action Lab report released in July identified trouble brewing in the Dallas rental market, but you wouldn’t know it by the number of apartment projects approved on an almost-weekly basis by the Dallas City Council. The CPAL report issued the following findings: Public Facility Corporation Projects Three projects were approved Wednesday under…
Dallas Development Services issued 33 permits for new multifamily construction in July, representing an economic impact of about $76 million. Although significantly less than the 65 multifamily permits issued in July 2022, it appears the housing business remains steady. The latest apartment complex being heralded is LDG Development’s 615-unit Park at Northpoint. On another note,…
Dallas is facing a shortage of about 33,660 affordable homes, according to a study published recently by the Child Poverty Action Lab. Ashley Flores, senior director of the nonprofit CPAL, reviewed the findings Thursday night in a conference call with members of the activist group Dallas Neighbors for Housing. Flores worked for about six months…
A new luxury build-to-rent community with 343 units is coming to the Collin County town of Melissa. Welker Properties announced the $95 million Wolf Creek Farms development that will bring 343 luxury, Class-A rental units to a 32-acre tract between US-75 and the Sam Rayburn Tollway. The new development shows how Welker Properties is doubling…
