Houston apartment supply vs. demand at a tipping point

Since oil prices crashed in late 2014, the supply of new apartment units has exceeded demand.

This glut of new Class A apartments has forced developers to stall new projects and owners to offer up to three months of rent concessions to keep occupancy rates up. Rents plummeted as energy companies shed thousands of jobs, causing demand for luxury apartments to plunge.

Click to read more at Houston Business Journal.