Your daily look at D-FW business. Follow us on Twitter: @DMNBizDallas apartment permits dip 20 percent in the first sign of a building slowdownThe long-predicted slowdown in North Texas apartment construction may finally be in the works.With over 50,000 rental units under construction, Dallas-Fort Worth has been the top apartment building market in the country in recent years. But a significant slowdown in permits for new apartments this year may herald a decline in building cranes on our horizon.For the 12-month period ending in July, Dallas-area apartment permits were down almost 20 percent from a year earlier, according to data from Richardson-based RealPage. Dallas and Atlanta were the only two top-10 U.S. apartment markets to see a year-over-year decline in building permits, RealPage reports.Apartment analysts have been forecasting a slowdown in North Texas building starts to let the market catch up with several years of dramatic construction.-Steve BrownPlus: Find more on D-FW real estate Continue reading...
D-FW and Amazon, Construction, Neiman Marcus: Wednesday's Business Briefing
Copyright The Dallas Morning News