Multifamily construction not letting up in this Dallas-Fort Worth suburb

“Construction starts in Frisco/Prosper have held firm, with developers kicking off 4,729 units in the past 12 months, accounting for about 25% of all starts in the market. In turn, construction levels have remained near record highs over the past several quarters. Over the latest development cycle, builders have added 13,331 units since 2020, growing existing multifamily stock 55% during that time.

There are more examples of developments pushing into Celina, and encroaching Grayson County, which is almost equidistant between downtown Dallas and the border to Oklahoma. Celina has received about 3,868 units during the 2020s; Prosper has received 2,745 units during the same time.“