Apartment construction starts have plummeted in Houston during the first quarter of 2015. According to research from CMD Group, the city has experienced a 53 percent drop in new apartment construction year over year from $318 million in the first quarter of 2014 to $149.6 million in the first quarter of 2015.
CMD Group estimates that Houston's apartment construction starts will fall 26 percent for 2015 compared to 2014.
(more on the decline in Houston's multifamily construction market...)