Rental Market
Landlords across the country are facing lawsuits for profiting off inflated rent prices, and the Dallas City Council is lending its support to state and federal legislation to protect tenants. Legislative Director Clifford Sparks reviewed a Jan. 8 memorandum about the city’s legislative priorities related to housing and homelessness at a committee meeting last month. …
Private equity companies purchased 44 percent of single-family homes in the U.S. last year and Texas Gov. Greg Abbott said he wants to address the market distortion in the 2025 legislative session. “I strongly support free markets,” Abbott wrote on X after reposting comments alleging that the investor rush into the single-family market is driving…
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,…
