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Multifamily Boom Has Big Impact on Houston

HOUSTON--A new study shows just how much the Houston economy has benefited from the rental boom in the apartment industry, which has emerged as one of the strongest sectors coming out of the recent recession.

By Anna Caplan | Updated on March 14, 2015

HOUSTON–A new study shows just how much the Houston economy has benefited from the rental boom in the apartment industry, which has emerged as one of the strongest sectors coming out of the recent recession.

According to economic data that is part of new research commissioned by the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA), in 2013, apartment construction, operations and resident spending contributed $22.6 billion and supported more than 218,600 jobs in the metro area.

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